Question: Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. Hardware Software Sales $

Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. Hardware Software Sales $ 660,000 $ 880,000 Variable costs (as a percentage of sales) 40 % 45 % Traceable fixed costs $ 250,000 $ 125,000 In addition, fixed costs common to both divisions amounted to $210,000. Prepare an income statement showing percentages as well as dollar amounts. Conclude

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results: HardwareSoftwareSales$ 6 4 0 , 0 0 0...

Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results: In addition, fixed costs common to...

Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. Hardware Software Sales $ 56 2...

Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. In addition, fixed costs common to...

Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results: \ table [ [ Sales ,...

Exercise 2 2 . 5 ( Static ) Preparing a Responsibility Income Statement ( LO 2 2 - 1 , LO 2 2 - 2 , LO 2 2 - 3 , LO 2 2 - 4 , LO 2 2 - 5 ) Nicholas Technologies operates two divisions: Hardware...

Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. Nicholas Technologies operates two...

Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. Sales Variable costs (as a...

Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. Sales Hardware $ 650,000 Software...

Suppose the Transportation Security Administration is investigating procedures at the Atlanta airport to reduce the variability in the amount of time it takes passengers to get through airport...

Using Equation (11-2), calculate the diffusion coefficient for benzene in atmospheric air at 25oC.

Differences in adjustable vs fixed - rate mortgages, including who bears risk ( lender or borrower ) and what rate change they are concerned with

https://media.cheggcdn.com/media/e59/e5900ba1-02b0-44ab-8246-fb980e24e7c1/phpDkQ6Ux

2. Describe the graphical relationship between ticket prices and the number of people choosing to visit amusement parks. Is that relationship consistent with the fact that, historically, park...

5. For each of the following situations involving marginal cost (MC) and marginal benefit (MB), indicate whether it would be best to produce more, fewer, or the current number of units. LO1.4 a....

2. Indicate whether each of the following statements applies to microeconomics or macroeconomics: LO1.3 a. The unemployment rate in the United States was 5.1 percent in September 2015. b. A U.S....