Horton Technology has two divisions, Consumer and Commeroal, and two corporate support departments, Tech Services and Purchasha. The corperate expenses for the vear ended. December 31,207, are as follows: The other corporate administrative expenses include officers' salaries and other expenses required by the corporation. The Tech services Department alicatis cents to the divisiont bace on the number of computers in the department, and the Purchasing Department allocates costs to the divisions based on me number of purchsse orders for sach department. The cenvices used by the two divisions are as follows: Prepare the disional income statements for the two avisom we ...... und your interim calculations. Horten Technolowr Prepare the divisional income statements for the two divisions. Do not round your interim calculations. Horton Technology Divisional Income Statements For the Year Ended December 31, 20Y7 Consumer Division Line Item Description Revenues Cost of goods sold Gross profit Operating expenses Operating income before support department allocations Support department allocations: Tech service department purchasing department Total support department allocations Operating income Commercial Division Feedback Horton Technology has two divisions, Consumer and Commeroal, and two corporate support departments, Tech Services and Purchasha. The corperate expenses for the vear ended. December 31,207, are as follows: The other corporate administrative expenses include officers' salaries and other expenses required by the corporation. The Tech services Department alicatis cents to the divisiont bace on the number of computers in the department, and the Purchasing Department allocates costs to the divisions based on me number of purchsse orders for sach department. The cenvices used by the two divisions are as follows: Prepare the disional income statements for the two avisom we ...... und your interim calculations. Horten Technolowr Prepare the divisional income statements for the two divisions. Do not round your interim calculations. Horton Technology Divisional Income Statements For the Year Ended December 31, 20Y7 Consumer Division Line Item Description Revenues Cost of goods sold Gross profit Operating expenses Operating income before support department allocations Support department allocations: Tech service department purchasing department Total support department allocations Operating income Commercial Division Feedback
