Please do not give solution in image format thanku Hosmer Industries provides the following information about resources and usage:UnusedResourcesCapacityResources usedMaterialsPowerSetupsPurchasingClient assistanceSupervisionFacility costResources suppliedMaterialsPowerSetupsPurchasingClient assistanceRequired A Required B$ 5,9003,854SupervisionFacility costSales revenue for Hosmer Industries is $830,000.Required:a. Prepare a traditional income statement.b. Prepare an activity-based income statement.2,0204,54018,4608,3806,940Sales revenueMaterialsPowerSetupsPurchasingClient assistanceSupervisionFacility cost$ 306,70046,01458,50257,66038,10072,636104,380Prepare a traditional income statement.Total costsOperating profitComplete this question by entering your answers in the tabs below.Traditional Income StatementCost Driver Volume6,400 pounds.272 hours62 setups64 purchase orders40 inquiries256 labor-hours3,360 square meters00Required B > Prepare an activity-based Income statement.Sales revenueCostsUnitMaterialsPowerBatchSetupsPurchasingProduct and customer sustainingClient assistanceCapacity sustainingSupervisionFacility costTotal costsOperating profitActivity-Based Income StatementUnusedResourceCapacityResourcesUsed$$$$$.$0 $$0 $$0 $$5,9003,8542,02011,774 $2,0204,540ResourcesSupplied6,560 $18,46018,460 $8,3806.94005 15,320 $05 52,114 $00000$ 830,000$0830,000

Under activity based costing method, the cost is allocated to each activity based on its…

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 $ 5,900 3,854 2,020 4,540 18,460 8,380 6,940 $ 306,700 46,014 58,502 57,660 38,100 72,636 104,380 Supervision Facility cost Sales revenue for Hosmer Industries is $830,000. 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 $ 5,900 3,854 2,020 4,540 18,460 8,380 6,940 $ 306,700 46,014 58,502 57,660 38,100 72,636 104,380 Supervision Facility cost Sales revenue for Hosmer Industries is $830,000. 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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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