Problem 11-26 Close or Retain a Store [LO11-2]
Superior Markets, Inc., operates three stores in a large
metropolitan area. A segmented absorption costing income statement
for the company for the last quarter is given below:
Superior Markets, Inc.
Income Statement
For the Quarter Ended September 30
Total
North
Store
South
Store
East
Store
Sales
$
4,300,000
$
860,000
$
1,720,000
$
1,720,000
Cost of goods sold
2,365,000
510,000
909,000
946,000
Gross margin
1,935,000
350,000
811,000
774,000
Selling and administrative expenses:...