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Daniel-Dobbins Income Statement

By:   •  January 4, 2019  •  Case Study  •  256 Words (2 Pages)  •  73 Views

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Indian Institute of Management, Lucknow – Noida Campus

Working Managers Program – Batch 14 (2018-2020)

Daniel-Dobbins – Case study Analysis

Submitted by:

Akshay Paliwal (WMP14003)

                                

















Table of Contents

Current Situation and Statement        3

Income Statement        3

Calculating per barrel and cumulative costs        4

After moving the moving the above-mentioned values out of loss and as an inventory cost        4

Conclusion        5

Current Situation and Statement

Barrel cost

1987 = 43000*63 = 2709000

1988 = 63000*63 = 3969000

Barrel cost as inventory

Opening cost = 2709000*4 = 10836000

Purchase 3969

closing stock = 2709*3 = 8127000

COGS = 1260



Income Statement

Details

Change 

1988

1989

 

 

 

 

Cost of Barrel

1260

3969

2709

Factory Building

32

297

265

Rented Building

300

572

272

Warehouse lab & supervision 

146

334

188

Chemical Lab

30

166

136

Depreciation Factory

0

24

24

Depreciation Warehouse

8

20

12

Cost of government supervision and bonding facilities

8

14

6

Total

1784

5396

3612

Calculating per barrel and cumulative costs

 

 

 

87

 

 

88

 

Total

Per Barrel

Cumulative

total

per barrel

Cumulative

Average product cost

2253

52.4

5240

3301

52.4

5240

Cost of Barrel

2709

63

115.4

3969

63

115.4

Factory Building

265

6.16

121.56

297

4.71

120.11

Rented Building

272

6.32

127.89

572

9.07

129.19

Warehouse lab & supervision 

188

4.37

132.26

334

5.3

134.49

...

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