Conlon Enterprises reports the following information about resources

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
100%

Conlon Enterprises reports the following information about resources.

 

                                                                                Cost Driver Rate                    Cost Driver Volume

Resources used

     Setups                                                    $  395 per run                                     450 runs

     Clerical                                                          35 per run                                 3,000 pages typed

Resources supplied

      Setups                                                   $181,200

      Clerical                                                    113,900

 

 

Sales revenue totaled $340,000.

 

Required:

  1. Prepare an activity-based income statement.

                                       Activity-Based Income Statement

                                                   Resources Used                 Unused Resource Capacity         Resources Supplied

Sales revenue                          _____________                 _____________________          ________________        $  340,000

Costs                                         _____________                 _____________________          ________________

  Volume related – Clerical    _____________                ______________________        ________________

  Batch related – Setups        _____________                  ______________________       _________________

Total costs                               _____________                 ______________________        _________________

Operating profits                    _____________                _______________________      _________________

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Value Chain Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education