deluxe limo service has the following information for march

sales revenue 315,000 variable costs of operations, excluding labor costs (a) 94,500 employee wages and salaries (b) 106,500 manager salaries (c) 39,500 fixed cost of automobiles (d) 31,500 building costs (rent, utilities

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

using the traditional income statement format, prepare a value income statement. (loss amounts should be indicated with a minus sign)

Required: nonvalue added activites value added activites total

sales revenue cost of services sold variable costs of operations, excluding labor costs employee wages and salaries fixed cost of automobiles gross margin (loss) administrative expenses manager salaries building costs operating income (loss)