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TH-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
TH-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 $ 0.68 per machine-hour 9,eee machine-hours Repairs $ 14 per Job 800 Jobs Resources supplied Energy $ 8,900 Repairs $14,000 Sales revenue from finishing totaled $50,000 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 Required A Required B Prepare an activity-based income statement. Activity Based Income Statement Resources Unused Resource Resources Used Capacity Supplied Finishing sales Costs Volume related - Energy Batch related - Repairs Total costs Finishing operating profits
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