Barr Plastics makes parts for a variety of manufacturing applications. Sales last year totaled $3,060,000....
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Accounting
Barr Plastics makes parts for a variety of manufacturing applications. Sales last year totaled $3,060,000. Information regarding resources for the month follows.
Resources Used
Resources Supplied
Administrative
$ 170,000
$ 252,000
Customer service
34,000
72,000
Depreciation
204,000
360,000
Energy
170,000
180,000
Long-term labor
85,000
126,000
Marketing
238,000
270,000
Materials
510,000
540,000
Parts management
102,000
126,000
Quality inspections
153,000
180,000
Setups
238,000
360,000
Short-term labor
68,000
86,400
In addition, Barr spent $90,000 on 60 engineering changes with a cost-driver rate of $1,400, and $108,000 on 10 outside contracts with a cost driver rate of $10,800.
Required:
The CFO at Barr has requested the following:
A traditional income statement.
An activity-based income statement.
A traditional income statement. Required A Required B
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