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The following income statement reflects one month of performance for Sunland Corp., a small manufacturer of stretchy, tight-fitting gloves for hands of all sizes. Sales
The following income statement reflects one month of performance for Sunland Corp., a small manufacturer of stretchy, tight-fitting gloves for hands of all sizes. Sales COGS Gross margin Operating expenses Operating income $45,900 30,900 15,000 8,800 $6,200 With the weekly management meeting just an hour away, Tarin, the accountant, was scrambling to reproduce the key cost information needed. She was in a tight spot, though, because the computerized system was down. All she had was a printout of the income statement above and the following notes and subtotals scribbled on some scratch paper. *No beg. or end. inventories * Total DL cost (payroll) $7,600 *Total advertising cost $1,400 * Total MOH cost $14,300 * Total executive/administrative salaries $3,700
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