Exercise 10-45 (Static) Resources Used versus Resources Supplied (LO 10-5, 6) Wykes Metal Working uses a special lathe to shape components. Data on the lathe and its usage follow: Resources used Energy Repairs Resources supplied Energy Repairs Sales revenue from lathe work totaled $17,900. Required A Required B $ 2.40 per machine-hour $5.40 per job $ 6,250 $ 5,100 Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Cost Driver Rate Complete this question by entering your answers in the tabs below. Prepare a traditional income statement. Traditional Income Statement Lathe work sales Energy costs Repair costs Operating profit $ 0 0

Exercise 10-45 (Static) Resources Used versus Resources Supplied (LO 10-5, 6) Wykes Metal Working uses a special lathe to shape components. Data on the lathe and its usage follow: Sales revenue from lathe work totaled $17,900. Required: a. Prepare a traditional income statement b. Prepare an activity-based income statement. Complete this question by entering your answers in the tabs below. Prepare a treditional income statement. Complete this question by entering your answers in the tabs below. Prepare an activity-based income statement