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
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
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
Section: Chapter Questions
Problem 11E: Xenold, Inc., manufactures and sells cooktops and ovens through three divisions: Home, Restaurant,...
Related questions
Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa605afd6-fb98-4d9f-a9a4-2b90747a3f89%2F8f181fcb-8d66-4e9d-8c79-099f0df8e077%2F9dzxl69_processed.jpeg&w=3840&q=75)
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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
![Survey of Accounting (Accounting I)](https://www.bartleby.com/isbn_cover_images/9781305961883/9781305961883_smallCoverImage.gif)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
![Survey of Accounting (Accounting I)](https://www.bartleby.com/isbn_cover_images/9781305961883/9781305961883_smallCoverImage.gif)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning