Byron Truck Repair uses a specialized hydraulic lift to work on trucks and busses. Data on the lift and its usage follow:Resources usedOperationMaintenanceResources suppliedOperationMaintenanceSales revenue from truck repair totaled $32,000.Required A Required BRequired:a. Prepare a traditional income statement.b. Prepare an activity-based income statement.Prepare a traditional income statement.Truck repair salesOperation costsMaintenance costsCost Driver Rate$6.00 per lift-hour$4.50 per jobComplete this question by entering your answers in the tabs below.$ 18,000$ 2,700Traditional Income StatementRequired A Required Bb. Prepare an activity-based income statement.Truck repair salesCostsPrepare an activity-based income statement.Volume related - OperationBatch related MaintenanceTotal costsTruck repair operating profitsComplete this question by entering your answers in the tabs below.Activity-Based Income StatementResourcesUsed$0UnusedResourceCapacity0 $Cost Driver Volume2,460 lift-hours480 jobs0 $ResourcesSupplied0$00

Name: Byron Truck Repair uses a specialized hydraulic lift to work on truck
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Description: Byron Truck Repair uses a specialized hydraulic lift to work on trucks and busses. Data on the lift and its usage follow:Resources usedOperationMaintenanceResources suppliedOperationMaintenanceSales revenue from truck repair totaled $32,000.Required

Resource Cost Driver rate Cost driver volume Resources Used (Rate * volume) Resources…

Answered: used n nce supplied n nce Cost Driver…

Business

Accounting

used n nce supplied n nce Cost Driver Rate $6.00 per lift-hour $4.50 per job $ 18,000 $ 2,700 e from truck repair totaled $32,000. Cost Driver Volume 2,460 lift-hours 480 jobs

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 18E

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