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Cathedral City Services (CCS) is a not-for-profit organization offering two services in a mid-sized city. The services are "Elder Meals" and "Jobs4U." Elder Meals is a meals-on-wheels type program that delivers meals on a scheduled basis to seniors who are house- bound. Jobs4U is a jobs-training program focused on youth or adults who are looking to change careers. Participants in the program are sponsored by a local government agency, a charitable organization, or a local business. CCS charges a $380 fee per hour for each service. The revenues and costs for the year are shown in the following income statement: Revenue Expenses: CATHEDRAL CITY SERVICES Income Statement General office costs Travel and transportation Equipment lease and maintenance Operating profit Activity General office costs Elder Meals $ 152,000 The following data have been collected concerning activities at CCS: Jobs4U $ 380,000 Cost Driver Number of clients Number of visits Computer hours Elder Meals Total $ 532,000 Activity Level 184 662 248 105,000 61,600 31,500 $ 333,900 Jobs4U 116 108 1,012 Travel and transportation Equipment lease and maintenance Required: a. Complete the income statement using activity-based costing and CCS's three cost drivers. b. Recompute the income statement using direct labor-hours as the only allocation base (400 hours for Elder Meals; 1,000 hours for Jobs4U).

Cathedral City Services (CCS) is a not-for-profit organization offering two services in a mid-sized city. The services are "Elder Meals" and "Jobs4U." Elder Meals is a meals-on-wheels type program that delivers meals on a scheduled basis to seniors who are house- bound. Jobs4U is a jobs-training program focused on youth or adults who are looking to change careers. Participants in the program are sponsored by a local government agency, a charitable organization, or a local business. CCS charges a $380 fee per hour for each service. The revenues and costs for the year are shown in the following income statement: Revenue Expenses: CATHEDRAL CITY SERVICES Income Statement General office costs Travel and transportation Equipment lease and maintenance Operating profit Activity General office costs Elder Meals $ 152,000 The following data have been collected concerning activities at CCS: Jobs4U $ 380,000 Cost Driver Number of clients Number of visits Computer hours Elder Meals Total $ 532,000 Activity Level 184 662 248 105,000 61,600 31,500 $ 333,900 Jobs4U 116 108 1,012 Travel and transportation Equipment lease and maintenance Required: a. Complete the income statement using activity-based costing and CCS's three cost drivers. b. Recompute the income statement using direct labor-hours as the only allocation base (400 hours for Elder Meals; 1,000 hours for Jobs4U).

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required A Required B Complete the income statement using activity-based costing and CCS's three cost drivers. Note: Do not round intermediate calculations. Account Revenue Expenses: General office costs Travel Equipment lease Operating profit Required A Required B Elder Meals $ 152,000 $ 380,000 $ Account Revenue Expenses Profit Jobs4U Elder Meals $ 152,000 $ 380,000 $ Jobs4U Recompute the income statement using direct labor-hours as the only allocation base (400 hours for Elder Meals; 1,000 hours for Jobs4U). Note: Do not round intermediate calculations and round your final answers to the nearest whole dollar. $ $ Total Total 532,000 532,000 198,100 333,900 105,000 61,600 31,500 333,900
Transcribed Image Text:Required A Required B Complete the income statement using activity-based costing and CCS's three cost drivers. Note: Do not round intermediate calculations. Account Revenue Expenses: General office costs Travel Equipment lease Operating profit Required A Required B Elder Meals $ 152,000 $ 380,000 $ Account Revenue Expenses Profit Jobs4U Elder Meals $ 152,000 $ 380,000 $ Jobs4U Recompute the income statement using direct labor-hours as the only allocation base (400 hours for Elder Meals; 1,000 hours for Jobs4U). Note: Do not round intermediate calculations and round your final answers to the nearest whole dollar. $ $ Total Total 532,000 532,000 198,100 333,900 105,000 61,600 31,500 333,900
Cathedral City Services (CCS) is a not-for-profit organization offering two services in a mid-sized city. The services are "Elder Meals" and "Jobs4U." Elder Meals is a meals-on-wheels type program that delivers meals on a scheduled basis to seniors who are house- bound. Jobs4U is a jobs-training program focused on youth or adults who are looking to change careers. Participants in the program are sponsored by a local government agency, a charitable organization, or a local business. CCS charges a $380 fee per hour for each service. The revenues and costs for the year are shown in the following income statement: Revenue Expenses: CATHEDRAL CITY SERVICES Income Statement General office costs Travel and transportation Equipment lease and maintenance Operating profit Activity General office costs Elder Meals $ 152,000 The following data have been collected concerning activities at CCS: Travel and transportation Equipment lease and maintenance Jobs4U $ 380,000 Cost Driver Number of clients. Number of visits Computer hours Elder Meals Total $ 532,000 Activity Level 184 662 248 105,000 61,600 31,500 $333,900 Jobs4U 116 108 1,012 Required: a. Complete the income statement using activity-based costing and CCS's three cost drivers. b. Recompute the income statement using direct labor-hours as the only allocation base (400 hours for Elder Meals; 1,000 hours for Jobs4U).
Transcribed Image Text:Cathedral City Services (CCS) is a not-for-profit organization offering two services in a mid-sized city. The services are "Elder Meals" and "Jobs4U." Elder Meals is a meals-on-wheels type program that delivers meals on a scheduled basis to seniors who are house- bound. Jobs4U is a jobs-training program focused on youth or adults who are looking to change careers. Participants in the program are sponsored by a local government agency, a charitable organization, or a local business. CCS charges a $380 fee per hour for each service. The revenues and costs for the year are shown in the following income statement: Revenue Expenses: CATHEDRAL CITY SERVICES Income Statement General office costs Travel and transportation Equipment lease and maintenance Operating profit Activity General office costs Elder Meals $ 152,000 The following data have been collected concerning activities at CCS: Travel and transportation Equipment lease and maintenance Jobs4U $ 380,000 Cost Driver Number of clients. Number of visits Computer hours Elder Meals Total $ 532,000 Activity Level 184 662 248 105,000 61,600 31,500 $333,900 Jobs4U 116 108 1,012 Required: a. Complete the income statement using activity-based costing and CCS's three cost drivers. b. Recompute the income statement using direct labor-hours as the only allocation base (400 hours for Elder Meals; 1,000 hours for Jobs4U).
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