A manufacturing income statement is a document or layout, which records the income of a manufacturing company, for a particular term. It includes the expenses of manufacturing, as well as the revenues earned from the goods manufactured. Such a document is extremely important for a manufacturing company, to keep a track of the income from manufacturing, and identify the profit and loss of the firm.
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Sample Manufacturing Income Statement:
Name of the company: Koko manufacturers Pvt. Ltd.
Income statement for the term: 1st January, 2010 to 1st January, 2011.
Manufacturing income statement submitted on: 10th of January, 2011.
Manufacturing income statement prepared by:
- Mr. David Colbert, senior accountant manager, Koko manufacturers Pvt. Ltd.
- Mr. Roger Browne, assistant accountant, Koko manufacturers Pvt. Ltd.
This manufacturing income statement is approved by Mr. Henry Gill, managing director of Koko manufacturers Pvt. Ltd.
Expenses Amount ($)
Raw materials purchasing cost 88000
Accessories/implements cost 56000
Salary and wages of employees 19000
Marketing and advertisement cost 9900
Taxes paid 2300
Loans and debts nil
Employee benefits 6000
Other related costs 5400
Net Expense 186600
Income Amount ($)
Sale of manufactured goods 940000
Sale of shares 56000
Income from subsidiaries 42000
Income from other sources 7000
Net income 1045000
Total profit or loss +858400
The statement reveals the income of the manufacturing company for the particular term and identifies that the company is running on a profit, the rate of which is quite high. Other notes and references are attached herewith for the company’s perusal.
(Signature of both accountants) (Signature of managing director)