Homework Answers
a. Traditional Income Statement
| Sales Revenue | $ 2,40,000 | |
| Setup Costs | $ 1,35,000 | |
| Clerical Costs | $ 60,000 | $ 1,95,000 |
| Operating Profit | $ 45,000 |
b. Activity Based Income Statement
| Resources Used | Unused Resource Capacity | Resources Supplied | ||
| Sales Revenue | $ 2,40,000 | |||
| Setup Costs | $ 1,31,250 | $ 3,750 | $ 1,35,000 | |
| Clerical Costs | $ 45,000 | $ 15,000 | $ 60,000 | |
| Total Costs | $ 1,76,250 | $ 18,750 | $ 1,95,000 | $ 1,76,250 |
| Operating Profit | $ 63,750 |
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