Question: 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
Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results:
HardwareSoftwareSales$ $ Variable costs as a percentage of salesTraceable fixed costs$ $
In addition, fixed costs common to both divisions amounted to $
Required:
Prepare the companys responsibility income statement for the current month. Report the responsibility margin for each division and income from operations for the company as a whole. Also include columns showing all dollar amounts as percentages of sales.
Note: Round your percentage answers to the nearest whole percent.
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