Complete the following responsibility income statement for

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Hal-Marts, Inc., has two sales departments: equipment andclothing. During February, these two departments reported the following operating results:

	Equipment	Clothing
Sales	$490,000	$250,000
Contribution margin	35%	50 %
Traceable fixed cost	$29,200	$26,800

In addition, fixed costs common to both departments amounted to$54,400.

Complete the following responsibility income statement for Hal-Marts, Inc. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the company's income from operations.

HAL-MARTS, INC Income Statement by Product Lines For the Month Ended February 28, 20__			Segments
	HAL-Marts, Inc.		Equipment		Clothing
	Dollars	%	Dollars	%	Dollars	õ x.Hm	%
Sales			$490,000		$250,000

Contribution margin

Reference no: EM13482242

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