Bramble Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced...

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Bramble Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020. BRAMBLE COMPANY Income Statement For the Month Ended October 31, 2020 Sales revenue Less: Operating expenses Raw materials purchases $264,400 Direct labor cost 189,800 Advertising expense 93,000 Selling and administrative salaries 78,000 Rent on factory facilities 61,800 Depreciation on sales equipment 46,000 Depreciation on factory equipment 32,900 Indirect labor cost 29,000 Utilities expense 12,400 $793,400 815 400 Bramble Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020. BRAMBLE COMPANY Income Statement For the Month Ended October 31, 2020 Sales revenue Less: Operating expenses Raw materials purchases $264,400 Direct labor cost 189,800 Advertising expense 93,000 Selling and administrative salaries 78,000 Rent on factory facilities 61,800 Depreciation on sales equipment 46,000 Depreciation on factory equipment 32,900 Indirect labor cost 29,000 Utilities expense 12,400 $793,400 815 400