Hepras, Inc., has two product lines: routers and ethernet switches. During the current month, the two product lines reported the following results. Routers $ 690,000 Switches $ 890,000 Sales Variable costs (as a percentage of sales) Traceable fixed costs 40% 45% $ 250,000 $ 125,000 In addition, fixed costs common to both product lines amounted to $214,000. 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 INC. 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 0.00 % 0.00 % 0.00 % 0 00 % 0.00 % 0.00 % 0.00 %

Hepras, Inc., has two product lines: routers and ethernet switches. During the current month, the two product lines reported the following results. Routers $ 690,000 Switches $ 890,000 Sales Variable costs (as a percentage of sales) Traceable fixed costs 40% 45% $ 250,000 $ 125,000 In addition, fixed costs common to both product lines amounted to $214,000. 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 INC. 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 0.00 % 0.00 % 0.00 % 0 00 % 0.00 % 0.00 % 0.00 %

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 10MC: Which of the following is not a type of responsibility center? A. concentrated cost center B....

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