Question

Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage...

Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage follow.

Cost Driver Rate Cost Driver Volume
Resources used
Energy $ 0.50 per machine-hour 5,000 machine-hours
Repairs $ 21 per job 400 jobs
Resources supplied
Energy $ 8,100
Repairs $ 13,200

Sales revenue from finishing totaled $42,000.

Required:

a. Prepare a traditional income statement.

b. Prepare an activity-based income statement.

Business   Accounting   
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