Please do not give solution in image format thanku Complete this question by entering your answers in the tabs below.Required APrepare a traditional income statement.Total costsRequired BComplete this question by entering your answers in the tabs below.Required A Required BCostsTraditional Income StatementPrepare an activity-based income statement.UnitBatchProduct and customer sustainingCapacity sustainingTotal costsActivity Based Income StatementUnusedResourceCapacityResourcesUsed(Required AResourcesSupplied Leidenheimer Corporation manufactures small airplane propellers. Sales for year 2 totaled $1,660,000. Information regardingresources for the month follows.Parts managementEnergyQuality inspectionsLong-term laborShort-term laboriSetupsMaterialsDepreciationMarketingCustomer service.AdministrativeResourcesUsed$ 60,000102,00087,00047,00039,000140,000310,000120,000141,00016,000102,000ResourcesSupplied$ 71,000102,000103,00070,00057,000230,000310,000230,000166,00038,000149,000In addition, Leidenheimer spent $45,000 on 50 engineering changes with a cost-driver rate of $900 and $62,400 on 8 outsidecontracts with a cost driver rate of $7,800.Required:Management has requested that you do the following:a. Prepare a traditional income statement.b. Prepare an activity-based income statement.

Income statement can be prepared using different methods: A. Traditional income method B. Activity…

resources for the month follows. Parts management Energy Quality inspections Long-term labor Short-term labor Setups Materials Depreciation Marketing Customer service. Administrative Resources Used $ 60,000 102,000 87,000 47,000 39,000 140,000 310,000 120,000 141,000 16,000 102,000 Resources Supplied $ 71,000 102,000 103,000 70,000 57,000 230,000 310,000 230,000 166,000 38,000 149,000 In addition, Leidenheimer spent $45,000 on 50 engineering changes with a cost-driver rate of $900 and $62,400 on 8 outside contracts with a cost driver rate of $7,800. Required: Management has requested that you do the following: a. Prepare a traditional income statement. b. Prepare an activity-based income statement.

resources for the month follows. Parts management Energy Quality inspections Long-term labor Short-term labor Setups Materials Depreciation Marketing Customer service. Administrative Resources Used $ 60,000 102,000 87,000 47,000 39,000 140,000 310,000 120,000 141,000 16,000 102,000 Resources Supplied $ 71,000 102,000 103,000 70,000 57,000 230,000 310,000 230,000 166,000 38,000 149,000 In addition, Leidenheimer spent $45,000 on 50 engineering changes with a cost-driver rate of $900 and $62,400 on 8 outside contracts with a cost driver rate of $7,800. Required: Management has requested that you do the following: a. Prepare a traditional income statement. b. Prepare an activity-based income statement.

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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