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Gunnison Supply provides the following information about resources: Cost Driver Rate Cost Driver Volume Resources used Materials $ 12 per pound 4,000 pounds Energy 48
Gunnison Supply provides the following information about resources: |
Cost Driver Rate | Cost Driver Volume | |||||
Resources used | ||||||
Materials | $ | 12 | per pound | 4,000 | pounds | |
Energy | 48 | per machine-hour | 170 | machine-hours | ||
Setups | 300 | per setup | 40 | setups | ||
Purchasing | 240 | per purchase order | 40 | purchase orders | ||
Customer service | 160 | per return | 25 | returns | ||
Long-term labor | 80 | per labor-hour | 160 | labor-hours | ||
Administrative | 60 | per labor-hour | 210 | labor-hours | ||
Resources supplied | ||||||
Materials | $ | 48,000 | ||||
Energy | 9,120 | |||||
Setups | 12,600 | |||||
Purchasing | 11,000 | |||||
Customer service | 8,800 | |||||
Long-term labor | 13,250 | |||||
Administrative | 13,500 | |||||
In addition, sales for the period totaled $150,000. |
Required: | |
(a) | Prepare a traditional income statement. (Input all amounts as positive values. Omit the "$" sign in your response.) |
Traditional Income Statement | ||
(Click to select)SalesPurchasingLong-term laborAdministrativeSetupsEquipmentMaterialsEnergyCustomer service | $ | |
(Click to select)AdministrativeMaterialsSetupsPurchasingCustomer serviceSalesMarketingLong-term laborEnergy | $ | |
(Click to select)PurchasingCustomer serviceMarketingSalesLong-term laborAdministrativeEnergySetupsMaterials | ||
(Click to select)PurchasingEnergySalesLong-term laborCustomer serviceMarketingAdministrativeMaterialsSetups | ||
(Click to select)Customer serviceSalesEnergyAdministrativeMaterialsPurchasingSetupsMarketingLong-term labor | ||
(Click to select)MaterialsSetupsSalesMarketingEnergyCustomer servicePurchasingLong-term laborAdministrative | ||
(Click to select)Long-term laborSalesPurchasingSetupsCustomer serviceEnergyMarketingAdministrativeMaterials | ||
(Click to select)MaterialsAdministrativeSalesEnergyMarketingLong-term laborPurchasingCustomer serviceSetups | ||
Total costs | ||
(Click to select)Operating profitOperating loss | $ | |
(b) | Prepare an activity-based income statement. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) |
Activity-Based Income Statement | ||||
Resources Used | Unused Resource Capacity | Resources Supplied | ||
(Click to select)SetupsPurchasingMaterialsSalesEnergy | $ | |||
Costs | ||||
Unit | ||||
(Click to select)Customer serviceMaterialsSetupsPurchasingSales | $ | $ | $ | |
(Click to select)Customer serviceEnergyPurchasingSalesSetups | ||||
$ | $ | $ | ||
Batch | ||||
(Click to select)SetupsMaterialsEnergySalesCustomer service | $ | $ | $ | |
(Click to select)PurchasingSalesMaterialsCustomer serviceEnergy | ||||
$ | $ | $ | ||
Product and customer sustaining | ||||
(Click to select)Customer serviceMaterialsPurchasingEnergySales | $ | $ | $ | |
$ | $ | $ | ||
Capacity sustaining | ||||
(Click to select)EnergyMaterialsCustomer servicePurchasingLong-term labor | $ | $ | $ | |
(Click to select)AdministrativeEnergyPurchasingCustomer serviceMaterials | ||||
$ | $ | $ | ||
Total costs | $ | $ | $ | |
(Click to select)Operating lossOperating profit | $ | |||
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