Hepras, Inc., has two product lines: routers and ethernet switches. During the current month, the two product lines reported the following results:

In addition, fixed costs common to both product lines amounted to $220,000.

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. (Round percentage answers to 2 decimal place. I.e. 0.1234 should be considered as 12.34%)

Hepras, Inc., has two product lines: routers and ethemet switches. During the current month, the two product lines reported the following results: Routers Switches 800,000 600,000 Sales Variable costs (as a percentage of sales) Traceable fixed costs 40% 45% $250,000 $125,000 In addition, fixed costs common to both product lines amounted to $220,000. 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. (Round percentage answers to 2 decimal place, i.e. 0.1234 should be considered as 12.34%) HEPRAS INCORPORATED Responsibility Income Statement For the Current Month Entire Company Routers Line Ethemet Switches Line Percent of Sales nt of Percent of Sales Percent of Dollars Dollars Dollars Sales 100.00 % S 600,000 10000 % $ 1,400,000 100.00% $ 800,000 Sales Variable costs Contribution margin Fixed costs traceable to product lines Product responsibility margin Common fixed costs Income from operations 20,000 40.00 45.00 270,000 60.00% $ 330,000 125,000 6000% $ 205,000 $1,400,000 100.00% $ 480,000 55.00 % 250,000 $1,400,000 100.00%|$ 230,000 5500% 220,000 |$1,180,000 100.00%