Lozier Catering and Events (LCE) offers a variety of services from small gatherings to large weddings...
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Lozier Catering and Events (LCE) offers a variety of services from small gatherings to large weddings and corporate retreats. Sales for year 1 totaled $947,500. Information regarding resources for the year Includes the following: Depreciation Training Transportation Publicity Permanent staff Temporary staff Invoicing and records. Administrative Resources Used $ 57,250 29,950 52,700 73,500 146,950 270,450 25,975 46,200 Resources Supplied $ 59,575 36,500 56,975 79,400 202,900 277,650 28,700 52,758 Required: Management has requested that you do the following: a. Prepare a traditional Income statement. b. Prepare an activity-based Income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a traditional income statement. Total costs Traditional Income Statement S Required A 0 0 Required B > Complete this question by entering your answers in the tabs below. Required A Requered B Prepare an activity-based income statement. Costs Unit Batch Product and customer sustaining Capacity sustaining Total costs Activity-Based Income Statement Unused Resource Capoty Resources Used S S DS DS 0S DS 0 < Required A Resources Supplied DS DS DS DS 미 0 D S D 0 Lozier Catering and Events (LCE) offers a variety of services from small gatherings to large weddings and corporate retreats. Sales for year 1 totaled $947,500. Information regarding resources for the year Includes the following: Depreciation Training Transportation Publicity Permanent staff Temporary staff Invoicing and records. Administrative Resources Used $ 57,250 29,950 52,700 73,500 146,950 270,450 25,975 46,200 Resources Supplied $ 59,575 36,500 56,975 79,400 202,900 277,650 28,700 52,758 Required: Management has requested that you do the following: a. Prepare a traditional Income statement. b. Prepare an activity-based Income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a traditional income statement. Total costs Traditional Income Statement S Required A 0 0 Required B > Complete this question by entering your answers in the tabs below. Required A Requered B Prepare an activity-based income statement. Costs Unit Batch Product and customer sustaining Capacity sustaining Total costs Activity-Based Income Statement Unused Resource Capoty Resources Used S S DS DS 0S DS 0 < Required A Resources Supplied DS DS DS DS 미 0 D S D 0
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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