MsMooney215
Aug 4, 2013, 08:28 AM
I'm a little confused as to how to configure the dollar amounts for a partial income statement for year end. Here is what I was given:
Variable production costs
*Plastic for casing $98900
*Wages of assembly workers $378400
*Drum stands $137600
*Variable selling costs
*Sales commissions $90300
Fixed manufacturing costs
Taxes on factory $13000
Factory maintenance $26000
Factory machinery depreciation $86000
Fixed sellingand abministrativecosts
Lease of equipment for sales staff $26000
Accounting staff salaries $76000
Administrative management salaries $156000
How do I compute a partial income statement from this? I've input the (*) part into the statement but confused on the dollar amounts.
Variable production costs
*Plastic for casing $98900
*Wages of assembly workers $378400
*Drum stands $137600
*Variable selling costs
*Sales commissions $90300
Fixed manufacturing costs
Taxes on factory $13000
Factory maintenance $26000
Factory machinery depreciation $86000
Fixed sellingand abministrativecosts
Lease of equipment for sales staff $26000
Accounting staff salaries $76000
Administrative management salaries $156000
How do I compute a partial income statement from this? I've input the (*) part into the statement but confused on the dollar amounts.