Atlanta Tool Co. is a supplier that assembles purchased parts into components for three distinct markets-scooter parts, lawn mower parts, and hand tool parts. Following is the statement of operating income for the most recent period: E (Click the icon to view the statement of operating income.) Atlanta Tool uses a traditional cost accounting system. Operating data used in the cost accounting system are as follows: Data Table x (Click the icon to view the operating data.) Requirement 1. You have been asked to determine operating income (loss) for each product line. Scooter Atlanta Tool: Statement of Operating Income Total Total Parts Sales $ 1,728,300 Sales $ 1,728,300 Cost of goods sold: Cost of goods sold Direct material 450,000 Direct material $ 450,000 45,000 Indirect production (allocated based on Indirect production machine hours) 45,000 495,000 Total cost of goods sold 495,000 $ 1,233,300 $ 1,233,300 Gross profit Selling and administrative expenses: Commissions Gross profit Selling and administrative expenses Commissions 109,900 109,900 210,000 Distribution to warehouses (allocated based on Distribution to warehouses 210,000 319,900 weight in kilograms) 319,900 Income before unallocated expenses 913,400 Total selling and administrative expenses Contribution to corporate expenses and profit Corporate expenses (unallocated): 913,400 Unallocated expenses Corporate salaries 7,000 11,000 Other general expenses 18,000 Enter any number in the edit fields and then click Check Answer. $ 895,400 i Data Table Hand Tool Scooter Lawn Mower Parts Parts 205,000 $ 145,000 $ 8,200 1,750 $ Parts 100,000 1,300 Purchase cost of parts assembled Machine hours Weight of parts shipped to distributors (kilograms) Sales commissions per unit Units assembled and sold Sales price per unit 170,000 40,000 5.20 $ $ $ 390,000 0.60 $ 27,000 0.45 58,000 13,000 75.00 $ $ 16.30 $ 5.40 Print Done