Return to ques 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 percentage of sales). Traceable fixed costs Hardware $660,000 Software $ 850,000 40% 45% $ 250,000 $ 125,000 In addition, fixed costs common to both divisions amounted to $228,000. Prepare an income statement showing percentages as well as dollar amounts. Conclude your statement with income from operations for the business and with the responsibility margin for each division. (Round percentage answers to 2 decimal place. i.e. 0.1234 should be considered as 12.34%) Sales Variable costs Contribution margin Fixed costs traceable to each division Divisional responsibility margin Common fixed costs Income from operations Answer is not complete. NICHOLAS TECHNOLOGIES Responsibility Income Statement For the Current Month Entire Company Hardware Services Division Software Services Division Dollars Percent of Dollars Sales 1,510,000 100.00 % S 660,000 Percent of Sales 100.00 % Dollars Percent of Sales $850,000 100 00 646,500 43.00x 264,000 ( 40.00 382,500 45 00 $863,500 57.00 % S 396,000 60.00 % $ 467,500 55.00 % 375,000 25.00 250,000 38.00 125,000 15.00 $488.500 32.00 % S 146,000 22.00 % $ 342,500 40.00 % 228.000 $260,500 32.00 %