DeLuxe Limo Service has the following information for March. Sales revenue $ 285,000 Variable costs of operations, excluding labor costsa 85,500 Employee wages and salariesb 103,500 Manager salariesc 30,500 Fixed cost of automobilesd 28,500 Building costs (rent, utilities, etc.)e 16,000 a 2 percent of this cost was wasted due to poor directions given to limo drivers. b 15 percent of this cost was for time spent by limo drivers because of poor directions. c 15 percent of this cost was time taken to address customer complaints. d The limos have 35 percent unused capacity. e The building has 15 percent unused capacity. Required: a. Using the traditional income statement format, prepare a value income statement. (Loss amounts should be indicated with a minus sign.) b. What value would there be to the managers at DeLuxe from preparing the same information in April? multiple choice Preparing a April statement helps DeLuxe see whether he is improving in reducing nonvalue-added activities. Preparing a April statement helps DeLuxe see whether he is improving in reducing value-added activities.