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Hepras, Inc, has two product lines: routers and othemet switches. During the current month, the two product lines reported the following results: Sales Variable costs

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Hepras, Inc, has two product lines: routers and othemet switches. During the current month, the two product lines reported the following results: Sales Variable costs (as a percentage of sales) Traceable fixed costs $550,000 $840,000 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 Ethernet Switches Line Percent of Sales Dollars Dollars Percent of Sales Dollars Percent of Sales Sales Variable costs 0 0.00% S 0.00% S 0l 0.00% ixed costs traceable to product lines Product responsibility margin Commn fixed costs Income from operations 0.00% | $ 0 0.00%S 000% 0.00

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