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Please use the same format so that it is easy to follow! Leidenheimer Corporation manufactures small airplane propellers. Sales for year 2 totaled $1,660,000. Information
Please use the same format so that it is easy to follow!
Leidenheimer Corporation manufactures small airplane propellers. Sales for year 2 totaled $1,660,000. Information regarding resources for the month follows. Parts management Energy Quality inspections Long-term labor Short-term labor Setups Materials Depreciation Marketing Customer service Administrative Resources Used $ 63,000 100,000 85,000 49,000 42,000 136,000 320,000 120,000 130,000 25,000 106,000 Resources Supplied $ 69,000 100,000 103,000 72,000 52,000 220,000 00 320,000 220,000 166,000 41,000 134,000 In addition, Leidenheimer spent $55,000 on 50 engineering changes with a cost-driver rate of $1,100 and $57,600 on 8 outside contracts with a cost driver rate of $7,200. 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. Traditional Income Statement Required A Required B Prepare a traditional income statement. Traditional Income Statement Total costs Prepare an activity-based income statement. Activity-Based Income Statement Unused Resources Resource Used Capacity Resources Supplied Costs Unit Batch Product and customer sustaining Capacity sustaining Unit Batch Product and customer sustaining Capacity sustaining Total costsStep by Step Solution
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