The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020.Raw Materials Inventory 7/1/19 $54,600 Factory Insurance $4,700Raw Materials Inventory 6/30/20 44,200 Factory Machinery Depreciation 17,700Finished Goods Inventory 7/1/19 96,800 Factory Utilities 31,600Finished Goods Inventory 6/30/20 26,300 Office Utilities Expense 8,550Work in Process Inventory 7/1/19 24,600 Sales Revenue 562,900Work in Process Inventory 6/30/20 29,600 Sales Discounts 4,600Direct Labor 147,050 Plant Manager’s Salary 65,400Indirect Labor 25,660 Factory Property Taxes 9,610Accounts Receivable 35,300 Factory Repairs 2,500Raw Materials Purchases 98,100Cash 36,300Prepare an income statement through gross profit.

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.