Gemini Technologies has two product lines: lasers and integrated circuits. During the current…

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

In addition, fixed costs common to both product lines amounted to $80,000. Prepare an income statement showing per centages as well as dollar amounts. Conclude your statement with income from operations for the business and with the responsibility margin for each product line.

Exercises 22.6, 22.7, and 22.8 are based on the following data:

Shown below is a segmented income statement for Drexel-Hall during the current month:

All stores are similar in size, carry similar products, and operate in similar neighborhoods. Store 1 was established first and was built at a lower cost than were Stores 2 and 3. This lower cost results in less depreciation expense for Store 1. Store 2 follows a policy of minimizing both costs and sales prices. Store 3 follows a policy of providing extensive customer service and charges slightly higher prices than the other two stores.

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