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Exercise 10-43 (Static) Resources Used versus Resources Supplied (LO 10-5, 6) Byron Truck Repair uses a specialized hydraulic lift to work on trucks and
Exercise 10-43 (Static) Resources Used versus Resources Supplied (LO 10-5, 6) Byron Truck Repair uses a specialized hydraulic lift to work on trucks and busses. Data on the lift and its usage follow: Cost Driver Rate Cost Driver Volume $ 6.00 per lift-hour 2,460 lift-hours $ 4.50 per job 480 jobs Resources used Operation Maintenance Resources supplied Operation Maintenance $ 18,000 $ 2,700 Sales revenue from truck repair totaled $32,000. 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. Truck repair sales Traditional Income Statement Operation costs Maintenance costs 0
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