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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 Variable costs (as a percentage of sales) Traceable fixed costs Hardware $ 600,000 40% $ 250,000 In addition, fixed costs common to both divisions amounted to $223,000. 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%.) NICHOLAS TECHNOLOGIES Responsibility Income Statement For the Current Month Entire Company Dollars Percent of Sales % % Software $ 880,000 45% $ 125,000 % % Hardware Services Division Dollars Percent of Sales % % % Software Services Division Dollars Percent of Sales % % %

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 $ 600,000 40% $ 250,000 In addition, fixed costs common to both divisions amounted to $223,000. 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%.) NICHOLAS TECHNOLOGIES Responsibility Income Statement For the Current Month Entire Company Dollars Percent of Sales % % Software $ 880,000 45% $ 125,000 % % Hardware Services Division Dollars Percent of Sales % % % Software Services Division Dollars Percent of Sales % % %

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter10: Decentralization: Responsibility Accounting, Performance Evaluation, And Transfer Pricing
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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 Variable costs (as a percentage of sales) Traceable fixed costs Hardware $ 600,000 40% $ 250,000 In addition, fixed costs common to both divisions amounted to $223,000. 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%.) NICHOLAS TECHNOLOGIES Responsibility Income Statement For the Current Month Entire Company Dollars Percent of Sales % % Software $ 880,000 45% $ 125,000 % % Hardware Services Division Dollars Percent of Sales % % % Software Services Division Dollars Percent of Sales % % %
Transcribed Image Text: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 $ 600,000 40% $ 250,000 In addition, fixed costs common to both divisions amounted to $223,000. 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%.) NICHOLAS TECHNOLOGIES Responsibility Income Statement For the Current Month Entire Company Dollars Percent of Sales % % Software $ 880,000 45% $ 125,000 % % Hardware Services Division Dollars Percent of Sales % % % Software Services Division Dollars Percent of Sales % % %
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