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)
HAL-MARTS,INC
Income Statement by Product Lines
For the Month Ended February 28,20__

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)
HAL-MARTS,INC
Income Statement by Product Lines
For the Month Ended February 28,20__

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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)
HAL-MARTS,INC
Income Statement by Product Lines
For the Month Ended February 28,20__

Preparation of Responsibility Income Statements