Equipment Clothing Sales $490,000 $250,000 Contribution margin 35% 50 % Traceabl
ID: 2433600 • Letter: E
Question
Equipment
Clothing
Sales
$490,000
$250,000
Contribution margin
35%
50 %
Traceable fixed cost
$29,200
$26,800
In addition, fixed costs common to both departments amounted to$54,400.
Complete the following responsibility income statement forHal-Marts, Inc. Follow the contribution margin approach, and show percentagesas well as dollar amounts. Conclude your income statement with the company’sincome from operations.
HAL-MARTS, INC
Income Statement by Product Lines
For the Month Ended February 28, 20__
Segments
HAL-Marts, Inc.
Equipment
Clothing
Dollars
%
Dollars
%
Dollars
Equipment
Clothing
Sales
$490,000
$250,000
Contribution margin
35%
50 %
Traceable fixed cost
$29,200
$26,800
Explanation / Answer
x.Xgn="center">HAL-MARTS, INC Income Statement by Product Lines For the Month Ended February 28, 20__
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