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Create a common size income statements from the information on the data sheet ...

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Accounting

Create a common size income statements from the information on the data sheet

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Question #7 Data The following data from Hammer Time Inc, Custom Hammer One. 1/1/18 12/31/18 Materials Work in Process Finished Goods $134,000 $153,000 $132,000 $80,700 $157,000 $117,000 $521,000 $373,800 Manufacturing Costs during 2015 Materials purchased Direct labor Indirect labor Depreciation on Equipment Factory supplies & utilities $151,200 $72,000 $61,200 Sales Selling Expenses Administrative Expenses $5,287,000 $427,800 $2,190,000

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