Nicholas Technologies operates two divisions Hardware Services and Software Services. During the ce reported the following results. Hardware $ 660,000 40x Saftware Sales Variable costs (as a percentage of sales) Traceable fixed costs $ 8se, e0e 45% $ 250,000 $ 125,000

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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.
Hardware
Sales
Varlable costs (as a percentage of sales)
Traceable fixed costs
Software
$ 850, 000
45%
$ 125, 000
$ 660, 000
40%
$ 250,000
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%.)
NICHOLAS TECHNOLOGIES
Responsibility Income Statement
For the Current Month
Entire Company
Hardware Servicos Division
Software Services Division
Percent of
Sales
Dollars
Dollars
Percent of Sales
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. Hardware Sales Varlable costs (as a percentage of sales) Traceable fixed costs Software $ 850, 000 45% $ 125, 000 $ 660, 000 40% $ 250,000 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%.) NICHOLAS TECHNOLOGIES Responsibility Income Statement For the Current Month Entire Company Hardware Servicos Division Software Services Division Percent of Sales Dollars Dollars Percent of Sales Dollars Percent of Sales
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