|
The free newsletter of
Lean Manufacturing
Strategy
Books & Videos
Value Stream & Process Mapping
Cycle Counting
Warehouse Planning
Human Side of Lean Video
|
 |
Simplicity Electronics Financials
A Product Costing Example
|
|
|
Simplicity Electronics, Inc. |
|
|
INCOME STATEMENT (000,000) |
|
|
BALANCE SHEET (000,000) |
|
|
|
|
|
|
|
|
ANNUAL SALES |
24.0 |
|
CURRENT ASSETS |
|
|
|
|
|
CASH |
0.4 |
|
COST OF SALES |
|
|
MARKETABLE SECURITIES |
0.3 |
|
DIRECT LABOR |
4.2 |
|
ACCOUNTS RECEIVABLE |
2.9 |
|
DIRECT MATLS |
6.4 |
|
INVENTORIES |
4.3 |
|
FACTORY OH(169%DL) |
7.1 |
|
PREPAID EXPENSES |
0.0 |
|
TOTAL |
17.7 |
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
7.9 |
|
GROSS PROFIT |
6.3 |
|
|
|
|
|
|
|
PLANT & EQUIPMENT |
|
|
G&A EXPENSE |
1.4 |
|
LAND |
1.1 |
|
SELLING EXPENSE |
1.1 |
|
BUILDINGS/IMPROVEMENTS |
5.6 |
|
SUBTOTAL |
2.5 |
|
EQUIPMENT |
4.2 |
|
|
|
|
SUBTOTAL |
10.9 |
|
INCOME FROM OPERATIONS |
3.8 |
|
LESS:DEPRECIATION |
2.7 |
|
|
|
|
NET FIXED ASSETS |
8.2 |
|
OTHER INCOME |
0.5 |
|
|
|
|
INTEREST EXPENSE |
0.6 |
|
TOTAL ASSETS |
16.1 |
|
|
|
|
|
|
|
PRETAX PROFIT |
3.7 |
|
CURRENT LIABILITIES |
|
|
TAXES (@50%) |
1.9 |
|
NOTES PAYABLE |
0.1 |
|
|
|
|
CURRENT PORTION LT DEBT |
0.3 |
|
NET INCOME |
1.9 |
|
ACCRUED PAYROLL |
0.4 |
|
|
|
|
ACCOUNTS PAYABLE |
0.2 |
|
|
|
|
INCOME TAX PAYABLE |
0.3 |
|
|
|
|
TOTAL CURRENT LIABILITIES |
1.2 |
|
|
|
|
|
|
|
|
|
|
LONG-TERM DEBT |
2.7 |
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
3.9 |
|
|
|
|
|
|
|
|
|
|
STOCKHOLDER'S EQUITY |
|
|
|
|
|
COMMON STOCK |
2.4 |
|
|
|
|
PAID-IN CAPITAL |
2.8 |
|
|
|
|
RETAINED EARNINGS |
3.0 |
|
|
|
|
TOTAL EQUITY CAPITAL |
8.2 |
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES/CAPITAL |
12.1 |
|
|
|
