Assume you are a CEO of your choice of a manufacturing company. The company can be...

 

  

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Assume you are a CEO of your choice of a manufacturing company. The company can be real or fictional. Summarize your main product costs via following the outline below, and create an income statement and balance sheet for year 1. The only requirements are: Requirements: 1. Cover the 'Outline' below 2. Use any numbers you like, as long as the totals / calculations flow properly 3. Show your work via formulas (i.e. a + b = c) throughout. Outline: 1 2 3 Company name Summary of what your company sells / produces Balance sheet for the end of year one Income statement for the end of year one Description Points 5 5 10 10 5 8 10 * Describe and quantify the following breakout of inventory that feeds your balance sheet: 11 >> Raw materials (RM) >> Work in process (WIP)** >> Finished Goods (FG) ** Describe and quantify the following breakout of WIP: >> Direct materials >> Direct labor >> Manufacturing overhead *** *** REQUIRED >> Indirect Materials REQUIRED REQUIRED REQUIRED REQUIRED REQUIRED Describe and quantify the following breakout of Manufacturing overhead: REQUIRED 5 10 20 10. 5 10 5 20 se 10 11 12 13 >> Manufacturing overhead " www "Describe and quantify the following breakout of Manufacturing overhead: >> Indirect Materials >> Indirect Labor REQUIRED >> Other Indirect Manufacturing costs REQUIRED REQUIRED REQUIRED REQUIRED - Summarize in words what this balance is comprised of (a sentence or two is fine, can include examples). Let your creative juices flow, but make sure the examples you use are in line with the nature of your company. 20 10 10 10 10 30 100 Assume you are a CEO of your choice of a manufacturing company. The company can be real or fictional. Summarize your main product costs via following the outline below, and create an income statement and balance sheet for year 1. The only requirements are: Requirements: 1. Cover the 'Outline' below 2. Use any numbers you like, as long as the totals / calculations flow properly 3. Show your work via formulas (i.e. a + b = c) throughout. Outline: 1 2 3 Company name Summary of what your company sells / produces Balance sheet for the end of year one Income statement for the end of year one Description Points 5 5 10 10 5 8 10 * Describe and quantify the following breakout of inventory that feeds your balance sheet: 11 >> Raw materials (RM) >> Work in process (WIP)** >> Finished Goods (FG) ** Describe and quantify the following breakout of WIP: >> Direct materials >> Direct labor >> Manufacturing overhead *** *** REQUIRED >> Indirect Materials REQUIRED REQUIRED REQUIRED REQUIRED REQUIRED Describe and quantify the following breakout of Manufacturing overhead: REQUIRED 5 10 20 10. 5 10 5 20 se 10 11 12 13 >> Manufacturing overhead " www "Describe and quantify the following breakout of Manufacturing overhead: >> Indirect Materials >> Indirect Labor REQUIRED >> Other Indirect Manufacturing costs REQUIRED REQUIRED REQUIRED REQUIRED - Summarize in words what this balance is comprised of (a sentence or two is fine, can include examples). Let your creative juices flow, but make sure the examples you use are in line with the nature of your company. 20 10 10 10 10 30 100

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Company Name Technix Manufacturing Summary Technix Manufacturing is a fictional company that specializes in the production of advanced technology devices such as smartphones tablets and smart home app... View the full answer