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partial income statement
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. |
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