Problem

For each of the following accounts for a manufacturing company, place a  in the appropriat...

For each of the following accounts for a manufacturing company, place a  in the appropriate column indicating that it appears on the balance sheet, the income statement, the manufacturing statement, and/or a detailed listing of factory overhead costs. Assume that the income statement shows the calculation of cost of goods sold and the manufacturing statement shows only the total amount of factory overhead. (An ac­count can appear on more than one report.)

Given the following selected account balances of Randa Company, prepare its manufacturing statement for the year ended on December 31, 2011. Include a listing of the individual overhead account balances in this statement.

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