Example of manufacturing income statement
[DOC File]COMPREHENSIVE BUDGETING EXAMPLE
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BUDGETED INCOME STATEMENT. Royal Company. Budgeted Income Statement. For the Quarter Ending June 30. Net sales [see below] $950,000 Less cost of goods sold [see below] 500,000 Gross margin 450,000 Less selling & administrative expenses [TM 9-12] 260,000 Net operating income 190,000 Less interest expense [TM 9-14] 2,000 Net income $188,000
[DOC File]Manufacturing Group Project
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8. Income Statement . 9. Cash Budget . 10. Balance Sheet - Be sure to include a line below Retained Earnings for income from the Income Statement. Variances (10 pts) Complete the 4 sets of data using an excel spreadsheet. Using the numbers you have created in …
[DOC File]Understanding The Income Statement
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Sample Income Statement Now let's take a look at a sample income statement for company XYZ for FY ending 1998 and 1999 (expenses are in parentheses): Now that we understand the IS, we can deduce from the above example that between the years 1998 and 1999, the company managed to increase sales, while proportionately reducing COGS.
[DOC File]A NOTE ON FINANCIAL ANALYSIS
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An example of an income statement is provided in Exhibit 2 for the LM Manufacturing Company. As shown in the exhibit, the firm had sales of $830,000 for the 12-month period ending December 31, 2006. The cost of manufacturing their product was $539,000, resulting in a gross profit of $291,000.
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