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

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Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results: Sales Hardware $ 670,000 Software $ 950,000 Variable costs (as a percentage of sales) Traceable fixed costs 40% 45% $ 250,000 $ 125,000 In addition, fixed costs common to both divisions amounted to $219,000. Required: Prepare the company's 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. NICHOLAS TECHNOLOGIES Responsibility Income Statement For the Current Month Entire Company Hardware Services Division Software Services Division Dollars Percent of Sales Dollars % Percent of Sales % Dollars Percent of Sales % $ 0 0% $ 0 0% $ 0 0% $ 0 0% $ 0 0% $ 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: Sales Hardware $ 670,000 Software $ 950,000 Variable costs (as a percentage of sales) Traceable fixed costs 40% 45% $ 250,000 $ 125,000 In addition, fixed costs common to both divisions amounted to $219,000. Required: Prepare the company's 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. NICHOLAS TECHNOLOGIES Responsibility Income Statement For the Current Month Entire Company Hardware Services Division Software Services Division Dollars Percent of Sales Dollars % Percent of Sales % Dollars Percent of Sales % $ 0 0% $ 0 0% $ 0 0% $ 0 0% $ 0 0% $ 0 0% $ 0 0%

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Answer To prepare the responsibility income statement for Nicholas Technologies we can start by calc... View the full answer