Bob's Baskets, Inc., manufactures and sells two types of baskets, deluxe and standard. Last year, Bob's Baskets had the following costs and revenues:

BOB'S BASKETS, INC. Income Statement
	Deluxe			Standard			Total
Revenue	$	146,000		$	169,000		$	315,000
Direct materials		19,000			21,000			40,000
Direct labor		75,000			46,000			121,000
Overhead costs
Administration								21,780
Production setup								39,000
Quality control								21,420
Distribution								19,530
Operating profit							$	52,270

Bob's Baskets currently uses labor costs to allocate all overhead but is considering implementing an activity-based costing system. After interviewing the sales and production staff, management decides to allocate administrative costs on the basis of direct labor costs but to use the following bases to allocate the remaining overhead:

		Activity Level
Activity	Cost Driver	Deluxe	Standard
Setting up	Number of production runs	11	19
Performing quality control	Number of inspections	42	42
Distribution	Number of units shipped	90,000	127,000

Required:

(a)

Complete the income statement using the preceding activity bases. (Note: Due to rounding the Overhead costs allocated will not add up.) (Round your percentage to 2 decimal places and final answers to nearest dollar amount. Input all amounts as positive values. Operating loss amount should be indicated with minus sign. Omit the "$" & "%" signs in your response.)

Bob%u2019s Baskets, Inc. Income Statement
Account	Rate	Deluxe			Standard			Total
Revenue		$	146,000		$	169,000		$	315,000
Direct materials			19,000			21,000			40,000
Direct labor			75,000			46,000			121,000
Overhead costs:
Administration	%
Setting up	$
Performing quality control	$
Distribution	$
Total overhead costs
Operating profit (loss)		$			$			$

(b)	Compute Operating profit for Bob's Baskets using direct labor costs as the only overhead allocation base. (Do not round "Allocation rate", round the final answers to the nearest dollar amount. Operating loss amounts should be indicated with minus sign. Omit the "$" sign in your response.)

	Operating profit (loss)
Deluxe	$
Standard	$