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 | |||
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The Strategos Guide To Value Stream and Process Mapping goes beyond symbols and arrows. In over 163 pages it tells the reader how to do it and what to do with it. |
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