Preparation of responsibility income statements
Hal-Marts,Inc.has two sales departments: equipment and clothing.During February,these two departments reported the following operating results: 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.(Round your percentage computations to nearest whole percent)

Question

Preparation of responsibility income statements
Hal-Marts,Inc.has two sales departments: equipment and clothing.During February,these two departments reported the following operating results:  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.(Round your percentage computations to nearest whole percent)

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The Answer of Preparation of responsibility income statements
Hal-Marts,Inc.has two sales departments: equipment and clothing.During February,these two departments reported the following operating results:  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.(Round your percentage computations to nearest whole percent)

Preparation of Responsibility Income Statements