+ Question 2. Gameland Village is segmented into two sales departments: software and video games. During April, these two investment centers reported the following operating results: Sales Variable costs (as a percentage of Sales) Traceable fixed costs Software Video Games $ 400,000 65% $ 200,000 56% $ 20,000 $ 16,000 In addition, fixed costs common to both departments amounted to $42,000. Required: Prepare a responsibility income statement for Gameland Village. (End the statement with "Operating income.")

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.