Darien Garcia owns a chain of travel goods stores. Last year, his sales staff sold...
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Accounting
Darien Garcia owns a chain of travel goods stores. Last year, his sales staff sold 16,000 suitcases at an average sale price of $140. Variable expenses were $105 per suitcase and the total fixed expenses were $150,000. This year, the chain sold more expensive product lines. Sales were 14,000 suitcases at an average price of $240. Production cost of the more expensive line totaled $190 per suitcase. The total fixed expenses were the same both years. Garcia evaluates the chain manager by comparing this year's income with last year's income.
Requirement 1. Prepare a performance report for this year. How would you improve Garcia's performance evaluation system to better analyze this year's results?
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