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Prepare an income statement showing percentages

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Question - Hepras, Inc., has two product lines: routers and ethernet switches. During the current month, the two product lines reported the following results Switches Routers $610,000 $960,000 Sales Variable costs (as a percentage of sales) 40% 45% $ 125,000 Traceable fixed costs $250,000 In addition, fixed costs common to both product lines amounted to $217,000. 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.

Reference no: EM133170001

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