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Hosmer Industries provides the following information about resources and usage: Unused Resources Capacity Resources used Materials Power Setups Purchasing Client assistance Supervision Facility cost Resources supplied Materials Power Setups Purchasing Client assistance $ 5,600 3,824 1,960 4,480 18,400 8,320 6,880 $ 287,200 45,168 58, 256 55,680 37,920 Supervision 71,808 Facility cost 94,240 Sales revenue for Hosmer Industries is $800,000. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Cost Driver Volume 6,400 pounds 272 hours 62 setups 64 purchase orders 40 inquiries 256 labor-hours 3,360 square meters

Hosmer Industries provides the following information about resources and usage: Unused Resources Capacity Resources used Materials Power Setups Purchasing Client assistance Supervision Facility cost Resources supplied Materials Power Setups Purchasing Client assistance $ 5,600 3,824 1,960 4,480 18,400 8,320 6,880 $ 287,200 45,168 58, 256 55,680 37,920 Supervision 71,808 Facility cost 94,240 Sales revenue for Hosmer Industries is $800,000. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Cost Driver Volume 6,400 pounds 272 hours 62 setups 64 purchase orders 40 inquiries 256 labor-hours 3,360 square meters

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. 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 an activity-based income statement. Costs Unit Batch Product and customer sustaining Capacity sustaining Total costs Activity-Based Income Statement Unused Resource Capacity Resources Used < Required A Resources Supplied Required B
Transcribed Image Text: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 an activity-based income statement. Costs Unit Batch Product and customer sustaining Capacity sustaining Total costs Activity-Based Income Statement Unused Resource Capacity Resources Used < Required A Resources Supplied Required B
Hosmer Industries provides the following information about resources and usage: Unused Resources Capacity Resources used Materials Power Setups Purchasing Client assistance Supervision Facility cost Resources supplied Materials Power Setups Purchasing Client assistance $ 5,600 3,824 1,960 4,480 18,400 8,320 6,880 $ 287,200 45,168 58, 256 Total costs 55,680 37,920 Supervision 71,808 Facility cost 94,240 Sales revenue for Hosmer Industries is $800,000. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Required A Required B Prepare a traditional income statement. Complete this question by entering your answers in the tabs below. Cost Driver Volume 6,400 pounds 272 hours Traditional Income Statement 62 setups 64 purchase orders 40 inquiries 256 labor-hours 3,360 square meters
Transcribed Image Text:Hosmer Industries provides the following information about resources and usage: Unused Resources Capacity Resources used Materials Power Setups Purchasing Client assistance Supervision Facility cost Resources supplied Materials Power Setups Purchasing Client assistance $ 5,600 3,824 1,960 4,480 18,400 8,320 6,880 $ 287,200 45,168 58, 256 Total costs 55,680 37,920 Supervision 71,808 Facility cost 94,240 Sales revenue for Hosmer Industries is $800,000. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Required A Required B Prepare a traditional income statement. Complete this question by entering your answers in the tabs below. Cost Driver Volume 6,400 pounds 272 hours Traditional Income Statement 62 setups 64 purchase orders 40 inquiries 256 labor-hours 3,360 square meters
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