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Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage follow. Cost Driver Rate Cost Driver Volume $ 0.70
Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage follow. Cost Driver Rate Cost Driver Volume $ 0.70 per machine-hour $ 12 per job 4,000 machine-hours 950 jobs Resources used Energy Repairs Resources supplied Energy Repairs $ 7,900 $13,000 Sales revenue from finishing totaled $40,000. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Answer is not complete. 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 $ 40,000 Energy costs $ 7,900 Repair costs 13,000 20,900 Operating profit $ 19,100 - Required A Required . Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare an activity-based income statement. Activity-Based Incon Statement Resources Used Unused Resource Capacity Resources Supplied $ 40,000 Finishing sales Costs Volume related - Energy Batch related - Repairs Total costs Finishing operating profits $ 0 $ 0 $ 0 $ 40,000
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