Gemini Technologies has two product lines: lasers and integrated circuits. Durin

Question

Gemini Technologies has two product lines: lasers and integrated circuits. During the current month, the two product lines reported the following results:

800,000

   

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 product line. (Input all numbers as positive values. Round your percentage answers to 2 decimal place. Omit the "$" and "%" signs in your response.)

   

Gemini Technologies has two product lines: lasers and integrated circuits. During the current month, the two product lines reported the following results:

Explanation / Answer

Hi,

Please find the answer as follows:

Notes:

All the % figures are calculated with reference to sales only, that is, sales is taken as the basis (denominator) for calculating percentages.

Thanks.

Entire Company Laser Line Integrated Circuits Line
Dollar Percent Dollars Percent Dollars Percent Sales 1400000 100% 600000 100% 800000 100% Variable Costs 720000 51.43% 240000 40% 480000 60% Contribution 680000 48.57% 360000 60% 320000 40% Traceable Fixed Costs 450000 32.14% 200000 33.33% 250000 31.25% Product Responsibility Margin 230000 16.43% 160000 26.67% 70000 8.75% Common Fixed Costs 80000 5.71%



Income from Operations 150000 65.22%

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