Last year, the Krishnan Manufacturing Plant, part of Johnsons Global Corporation, earned revenues of $800,000. Direct materials

Question:

Last year, the Krishnan Manufacturing Plant, part of Johnson’s Global Corporation, earned revenues of $800,000. Direct materials and direct labor were $200,000, product-line fixed costs were $150,000, and company-level fixed costs were $200,000.
Krishnan’s accountant aggregates the idle capacity costs and they were $75,000.

REQUIRED
Develop a multi-level income statement using a GPK approach.