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

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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:
Hepras, Inc., has two product lines: routers and ethernet switches.

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.

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Related Book For  answer-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078025778

17th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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