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+ 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.")

+ 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.")

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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+ 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.")
Transcribed Image Text:+ 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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