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Exercise 10-41 (Algo) Resources Used versus Resources Supplied (LO 10-5, 6) Tri-State Mill uses a special sander to finish lumber. Data on the sander and
Exercise 10-41 (Algo) Resources Used versus Resources Supplied (LO 10-5, 6) Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage follow. Cost Driver Rate Cost Driver Volume Resources used Energy Repairs Resources supplied Energy Repairs $ 0.60 per machine-hour $ 13 per job 8,500 machine-hours 850 jobs $ 7,700 $12,800 Sales revenue from finishing totaled $38,000. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a traditional income statement. Traditional Income Statement Finishing sales Energy costs Repair costs Operating profit
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