Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cathedral City Services (CCS) is a not-for-profit organization offering two services in a mid-sized city. The services are Elder Meals and Jobs4U. Elder Meals is

Cathedral City Services (CCS) is a not-for-profit organization offering two services in a mid-sized city. The services are "Elder Meals" and "Jobs4U." Elder Meals is a meals-on-wheels type program that delivers meals on a scheduled basis to seniors who are house- bound. Jobs4U is a jobs-training program focused on youth or adults who are looking to change careers. Participants in the program are sponsored by a local government agency, a charitable organization, or a local business. CCS charges a $350 fee per hour for each service. The revenues and costs for the year are shown in the following income statement: Revenue Expenses: General office costs Activity General office costs Travel and transportation Equipment lease and maintenance Operating profit The following data have been collected concerning activities at CCS: Travel and transportation Equipment lease and maintenance CATHEDRAL CITY SERVICES Income Statement Required A Required B Account Elder Meals Jobs4U $ 140,000 $ 350,000 Revenue Expenses;
image text in transcribed
image text in transcribed
Cathedral City Services (CCS) is a not-for-profit organization offering two services in a mid-sized city. The services are "Elder Meals" and "Jobs4U." Elder Meals is a meals-on-wheels type program that delivers meals on a scheduled basis to seniors who are housebound. Jobs 4U is a jobs-training program focused on youth or adults who are looking to change careers. Participants in the program are sponsored by a local government agency, a charitable organization, or a local business. CCS charges a $350 fee per hour for each service. The revenues and costs for the year are shown in the following income statement: The following data have been collected concerning activities at CCS: Required: a. Complete the income statement using activity-based costing and CCS's three cost drivers. b. Recompute the income statement using direct labor-hours as the only allocation base ( 400 hours for Elder Meals; 1,000 hours for Jobs 4 U). Complete this question by entering your answers in the tabs below. Complete the income statement using activity-based costing anid ccS's three cost drivers. Note: Do not round intermediate calculations. The following data have been collected concerning activities at CCS: Required: a. Complete the income statement using activity-based costing and CCS's three cost drivers. b. Recompute the income statement using direct labor-hours as the only allocation base ( 400 hours for Elder Meals; 1,000 hours for Jobs4U). Complete this question by entering your answers in the tabs below. Complete the income statement using activity-based costing and ccs's three cost drivers. Note: Do not round intermediate calculations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Principles

Authors: Nformi Eugene Tawe

1st Edition

3330651032, 978-3330651036

More Books

Students also viewed these Accounting questions