ACCT3032TuteSols63.pdf - 262 Award 1.00 point Mirror...

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Unformatted text preview: 262. Award: 1.00 point Mirror Industries manufactures electric trolling motors. Sales for the month totaled $1,700,000. Information regarding resources for the month follows: Resources Used $ 100,000 20,000 120,000 100,000 50,000 50,000 140,000 300,000 60,000 90,000 140,000 40,000 Administrative Customer service Depreciation Energy Engineering Long-term labor Marketing Materials Parts management Quality inspections Setups Temporary labor Resources Supplied $ 140,000 40,000 200,000 100,000 52,000 70,000 150,000 300,000 70,000 100,000 200,000 48,000 Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. a. $ 140,000 40,000 200,000 100,000 52,000 70,000 150,000 300,000 70,000 100,000 200,000 48,000 Sales Administrative Customer service Depreciation Energy Engineering Long-term labor Marketing Materials Parts management Quality inspections Setups Temporary labor Total costs Operating profits $ 1,700,000 1,470,000 $ 230,000 Sales Costs: Unit: Energy Materials Parts management Temporary labor Total unit Batch: Quality inspections Setups Total batch Product: Customer service Engineering Marketing Total product Facility: Administrative Depreciation Long-term labor Total facility Total costs Operating profit Resources Used $ 100,000 300,000 60,000 40,000 500,000 90,000 140,000 230,000 20,000 50,000 140,000 210,000 100,000 120,000 50,000 270,000 1,210,000 Unused Resource Resource Capacity Supplied $ 1,700,000 $ 0 $ 100,000 0 300,000 10,000 70,000 8,000 48,000 18,000 518,000 10,000 100,000 60,000 200,000 70,000 300,000 20,000 40,000 2,000 52,000 10,000 150,000 32,000 242,000 40,000 140,000 80,000 200,000 20,000 70,000 140,000 410,000 260,000 1,470,000 1,470,000 $ 230,000 References Essay Difficulty: 3 Hard Learning Objective: 10-02 Use the hierarchy of costs to manage costs. 263. Award: 1.00 point Miracle Mile Corporation manufactures electric scooters. Information regarding resources for the month follows: Administrative Customer service Depreciation Energy Engineering Long-term labor Marketing Materials Parts management Quality inspections Setups Temporary labor Resources Used $ 100,000 20,000 120,000 100,000 50,000 50,000 140,000 300,000 60,000 90,000 140,000 40,000 Resources Supplied $ 140,000 40,000 200,000 100,000 52,000 70,000 150,000 300,000 70,000 100,000 200,000 48,000 Required: a. Prepare an analysis of the unused resource capacity for the month. Costs: Unit: Energy Materials Parts management Temporary labor Total unit Batch: Quality inspections Setups Total batch Product: Customer service Engineering Marketing Total product Facility: Administrative Depreciation Long-term labor Total facility Total costs Resources Used $ 100,000 300,000 60,000 40,000 500,000 90,000 140,000 230,000 20,000 50,000 140,000 210,000 100,000 120,000 50,000 270,000 1,210,000 Unused Resource Capacity $ 0 0 10,000 8,000 18,000 10,000 60,000 70,000 20,000 2,000 10,000 32,000 40,000 80,000 20,000 140,000 260,000 Resource Supplied $ 100,000 300,000 70,000 48,000 518,000 100,000 200,000 300,000 40,000 52,000 150,000 242,000 140,000 200,000 70,000 410,000 1,470,000 References Essay Difficulty: 3 Hard Learning Objective: 10-02 Use the hierarchy of costs to manage costs. ...
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