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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 Resources used
Tri-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 $ per 0.8 machine- hour 11 per job machine- 4,500 hours 1,000 jobs Repairs Resources supplied Energy Repairs $ 8,000 $13, 100 Sales revenue from finishing totaled $41,000. Required: a. Prepare a traditional income statement. Traditional Income Statement Finishing sales Energy costs Repair 0 costs Operating $ 0 profit b. Prepare an activity-based income statement. Activity-Based Income Statement Unused Resources Resources Resource Used Supplied Capacity Finishing sales Costs Volume related - Energy Batch related - Repairs Total costs $ 0 $ ol $ 0 Finishing operating profits 0 $ 0
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