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Hepras, Inc., has two product lines: routers and ethernet switches. During the current month, the two product lines reported the following results Routers $630,000 Switches
Hepras, Inc., has two product lines: routers and ethernet switches. During the current month, the two product lines reported the following results Routers $630,000 Switches $990,000 Sales Variable costs (as a percentage of 40% 45% sales) Traceable fixed costs $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 Ethernet Switches Line Percent of Sales Dollars Dollars Percent of SalesDollars Percent of Sales
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