Question: Exercise 10-43 (Static) Resources Used versus Resources Supplied (LO 10-5, 6) Byron Truck Repair uses a specialized hydraulic lift to work on trucks and

Exercise 10-43 (Static) Resources Used versus Resources Supplied (LO 10-5, 6) Byron

Exercise 10-43 (Static) Resources Used versus Resources Supplied (LO 10-5, 6) Byron Truck Repair uses a specialized hydraulic lift to work on trucks and busses. Data on the lift and its usage follow: Operation Cost Driver Rate $ 6.00 per lift-hour $ 4.50 per job $ 18,000 Resources used Maintenance Resources supplied Operation Maintenance $ 2,700 Sales revenue from truck repair totaled $32,000. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Cost Driver Volume 2,460 lift-hours 480 jobs Complete this question by entering your answers in the tabs below. Required A Required B Prepare an activity-based income statement. Activity-Based Income Statement Resources Used Unused Resource Resources Supplied Capacity $ 32,000 Truck repair sales Costs Volume related - Operation Batch related - Maintenance Total costs $ 0 $ 0 $ 0 Truck repair operating profits < Required A 0 $ 32,000 Required B >

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