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Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. Sales Variable costs (as

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Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. Sales Variable costs (as a percentage of sales) Traceable fixed costs Hardware $ 800,000 60% $ 250,000 Software $ 60,000 30% $ 150,000 In addition, fixed costs common to both divisions amounted to $300,000 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 your percentage answers to the nearest whole percent.) Nicholas Technologies Responsibility Income Statement For the Current Month Entire Company Percent of Dollars Sales % Hardware Services Division Percent of Dollars Sales % Software Services Division Percent of Dollars Sales $ o ON $ 0 09 $ 00% 0 $ 0 % $ 0 $ 0 0 % OS $ 0 0 %

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