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Gemini Technologies has two product lines: lasers and integrated circuits. During the current month, the two product lines reported the following results: Lasers Circuits Sales
Gemini Technologies has two product lines: lasers and integrated circuits. During the current month, the two product lines reported the following results: Lasers Circuits Sales Variable costs (as a percentage of sales) $500,000 40% 200,000 $800,000 60% 250,000 Traceable fixed costs In addition, fixed costs common to both product lines amounted to $80,000. Prepare an income statement showing percentages as well as dollar amounts. Conclude your statement with income from operations for the business and with responsibility margin for each product line
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