Solution-Prepare an activity-based income statement

Prepare an activity-based income statement

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Reference no: EM132574860

Question - Allcott Computer Services (ACS) provides computer training and repair services for schools and local businesses. Sales for year 1 totaled $2,700,000. Information regarding resources for the year includes the following.

	Resources Used	Resources Supplied
Marketing	$217,000	$241,000
Depreciation	171,000	177,000
Training personnel	88,000	111,000
Energy	164,000	168,000
Short-term labor	460,000	580,000
Long-term labor	830,000	840,000
Administrative	142,000	158,000

In addition, ACS spent $86,000 on 530 repair verifications with a cost driver rate of $145.

Required - Management has requested that you do the following:

a. Prepare a traditional income statement.

b. Prepare an activity-based income statement.

Reference no: EM132574860

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Prepare an activity-based income statement

Reference no: EM132574860

Reference no: EM132574860

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