Purchase Solution

Manufacturing enterprise-Income Statement

Not what you're looking for?

Ask Custom Question

Reddy Company provided the following information regarding its operations for the month ending September 30, 2010:

Administrative cost $15,000
Depreciation on factory equipment 6,000
Indirect materials 1,000
marketing and distribution cost 12,000
salaries for factory supervisor 10,000
wage for production worker 13,000
raw material used 19,000
sales revenue 98,000
selling cost 9,000
utilities for production facilities 4,000

Number of units produced 20,000
Number of units sold 15,000

Required:
1) Compute the firm's total manufacturing overhead cost.
2) Calculate total product costs, ending inventory, and cost of goods sold
3) Prepare an income statement for the month ending September 30, 2010.

Purchase this Solution
Solution Summary

calculation of manufacturing overhead cost
Cost of goods sold statement
Income statement

Purchase this Solution
Free BrainMass Quizzes
Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Basics of corporate finance

These questions will test you on your knowledge of finance.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

View More Free Quizzes
Related BrainMass Solutions

  • Preparing a Financial Statement

    Enterprise A Income Statement For the year ended December 31, 2002 Revenue 48,000 Less: Expenses 32,000 Net Income 16,000 Assets = Liabilities + Common Stock + Retained Earnings 30,000 = 18,000 + 4,000 + 8,000 Enterprise A

  • Financial Management of SAC enterprise

    Description of information for each financial statement is as follows: Income Statement: Income statement reflects profit and loss from business operations in a particular time period.

  • Reporting disaggregated financial data - FASB Statement 131

    187504 Reporting of disaggregated financial data - FASB Statement No. 131 FASB Statement No. 131, "Reporting Disaggregated Information about a Business Enterprise" requires the reporting of disaggregated financial data about the different types of business

  • Crown Holdings strategy

    (d) What is their enterprise level strategy? (e) What is the vision, mission, and values statement of Crown?

  • FOUR PRIMARY FINANCIAL STATEMENTS

    Four primary financial statements: the balance sheet, the income statement, the statement of cash flows, and the statement of retained earnings.

  • Profit margin

    221283 Holly Enterprise: Compute the income statement profit margin The 2008 income statement of Holly Enterprise shows operating revenues of $134,800, selling expenses $38,310, general and adminstrative expenses $36,990, interest expense $580, and income

  • Financial Statements

    Ø Income Statement: An income statement reveals the flow financial gain and expenditure status throughout a time period. The statement of revenues and expenses or statements of profit and loss are the other names of this statement.

  • Accounting Principles and Practices

    A list of assets, liabilities, and owner's equity of a business entity as of a specific date is: A. a balance sheet B. an income statement C. a statement of owner's equity D. a statement of cash flows 4.

  • Four Basic financial statements

    Net income or net losses come directly from the income statement, and owner investments are capital transactions between the business and its owner, so they do not affect the income statement.

  • Horizontal spreadsheet of past two years

    132227 Horizontal spreadsheet of past two years 1 Excel spreadsheet + 1 - 3 paragraph memo Details: Using the sample format, list each of the activities in the scenario showing how they affect the balance sheet, income statement, and statement of

View More Related Solutions