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Leidenheimer Corporation manufactures small airplane propellers. Sales for year 2 totaled $1,640,000. Information regarding resources for the month follows. Parts management Energy Quality inspections
Leidenheimer Corporation manufactures small airplane propellers. Sales for year 2 totaled $1,640,000. Information regarding resources for the month follows. Parts management Energy Quality inspections Long-term labor Resources Used $ 61,000 Resources Supplied 109,000 105,000 $ 68,000 105,000 95,000 48,000 74,000 Short-term labor 43,000 54,000 Setups 145,000 230,000 Materials 320,000 320,000 Depreciation 120,000 230,000 Marketing 132,000 162,000 Customer service 25,000 41,000 Administrative 104,000 130,000 In addition, Leidenheimer spent $75,000 on 50 engineering changes with a cost-driver rate of $1,500 and $56,800 on 8 outside contracts with a cost driver rate of $7,100. Required: Management has requested that you do the following: 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.
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