answer yellow shaded boxes 4 PART 1 Fixed and Variable Cost Determinations Unit Cost Calculations 5 8 The projected cost of a lamp is calculated

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4 PART 1 Fixed and Variable Cost Determinations Unit Cost Calculations 5 8 The projected cost of a lamp is calculated based upon the projected increases or decreases to 9 current costs. The present costs to manufacture one lamp are: SO Figurines Electrical Sets Lamp Shade Direct Labor Variable Overhead: Fixed Overhead $9.2000000 per lamp 1.2500000 per lamp 6.0000000 per lamp 2.2500000 per lamp (4 lamps/hr.) 0.2250000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) Cost per lamp $28.9250000 per lamp 32 Expected increases for 20x2 39 When calculating projected increases round to SEVEN decimal places $0.0000000 3 4 5 6 7 8 9 10 READY 16 17 18 Pres Type here to search A Paste Lg Copy Format Painter Clipboard MS Sans Serit -18. 5 BIU. - Font A - = wrap text A ESE E Merge & Center - Alignment $ %, Number 8.98 : Font Alignment B C D E F G H 32 Expected increases for 20x2 39 When calculating projected increases round to SEVEN decimal places 50,0000000 41 42ES 1. Material Costs are expected to increase by 2.00% 2. Labor Costs are expected to increase by 3.00% 3. Variable Overhead is expected to increase by 4.50%. 4 Five 4. Fixed Overhead is expected to increase to $270,000. 5. Fixed Administrative expenses are expected to increase to $60,000 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.50%. WS88 7. Fixed selling expenses are expected to be $39,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to 75 increase by 5.00% 76 83 On the following schedule develop the following figures: 84 1. 20x2 Projected Variable Manufacturing Unit Cost of a lamp 85 86 2 - 20x2 Projected Variable Unit Cost per lamp ... 2 3 4 5 6 7 8 9 10 11 12 13 14 READY 15 16 17 18 Pre 1 Type here to search On e O P FILE A HOME INSERT PAGE LAYOUT X Cut MS Sans Serif -8.5 Be Copy - Format Painter BIU. - Clipboard Font X fix FORMULAS DATA REVIEW * = = = . A ZE VIEW Wrap Text Merge & Center - Paste - $ . % 898 Cond Form Alignment Number 2. Labor Costs are expected to increase by 3.00% 3. Variable Overhead is expected to increase by 4.50% 4. Fixed Overhead is expected to increase to $270,000 5. Fixed Administrative expenses are expected to increase to $60,000 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.50% to increase 7. Fixed selling expenses are expected to be $39,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 5.00%. 83 On the following schedule develop the following figures: 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp 2- 20x2 Projected Variable Unit Cost per lamp 3. 20x2 Projected Fixed Costs 105 ... 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Pres ... READY Type here to search earch o te OO 4 PART 3 Budgets 10 11 12 Division N has decided to develop its budget based upon projected sales of 41,000 lamps at 13 $49.00 per lamp 18 The company has requested that you prepare a master budget for the year. This budget is to be used 19 for planning and control of operations and should be composed of cu Laway 21 1. Production Budget 27 2. Materials Budget 29 3. Direct Labor Budget 31 4. Factory Overhead Budget 36 37 5. Selling and Administrative Budget 39 6. Cost of Goods Sold Budget 38 40 45 7. Budgeted Income Statement ... 2 3 4 5 READY 6 7 8 9 10 11 12 13 14 15 16 17 18 Pre Lotta A = . o cut Le Copy - Paste Format Painter Clipboard MS Sans Serif - 85A BIU-B. A A. = = = Wrap Text Merge & Center - $ %, 898 Condi Format Font Alignment Number AIX & for 15 A 7. Budgeted Income Statement 46 47 8. Cash Budget M8 49 Notes for Budgeting: 54 55 56 The company wants to maintain the same number of units in the beginning and ending inventories of 57 work-in-process, and electrical parts while increasing the figurines inventory to 725 pieces and 58 decreasing the finished goods by 20% 64 Complete the following budgets 66 67 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods Total Needed Less: Beginning Inventory 7.01) Total Production 87 RA 88 8 10 10 11 12 13 14 15 16 17 18 Pres... READY 1 Type here to search 2 Materials Budget {8.01) {8.027 Figurines Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, SN#.##) {8.03) {8.04 (8.05) WRONNING {8.06) Electrical Parts Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, S####) {8.07) Lamp Shades Needed for Production ... 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Pres... DATA REVIEW VIEW FORMULAS AM - A. Wrap Text En Copy Merge & Center - $ 898 % FILE HOME INSERT PAGE LAYOUT % Cut MS Sans Serif -18 Format Painter BIU - - Clipboard : X fx Conditional Format Formatting Table Styles Number Alignment Font G Lamp Shades Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, SW.) 18.08) 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, S####) {809) 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be produced Total Variable Factory Overhead (Round to two places, S#### Fixed Factory Overhead (8.10) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Pres... ADY FORMULAS DATA REVIEW VIEW EL FILE HOME INSERT PAGE LAYOUT MS Sans Serif 38.5 e Copy - BIU. - * Format Painter Clipboard X fx Wrap Text Merge & Center - + A $ -% -aste Conditional Format as Formatting - Table Styles Number Alignment DE 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, SI 18.09) ## 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, S####) Fixed Factory Overhead {8.1037 {8.11) Total Factory Overhead (Round to two places, S####) E E 14 15 16 17 18 Pres... 13 ... 2 3 11 12 4 5 9 10 6 7 8 1 ADY Type here to search 4 PART 1 Fixed and Variable Cost Determinations Unit Cost Calculations 5 8 The projected cost of a lamp is calculated based upon the projected increases or decreases to 9 current costs. The present costs to manufacture one lamp are: SO Figurines Electrical Sets Lamp Shade Direct Labor Variable Overhead: Fixed Overhead $9.2000000 per lamp 1.2500000 per lamp 6.0000000 per lamp 2.2500000 per lamp (4 lamps/hr.) 0.2250000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) Cost per lamp $28.9250000 per lamp 32 Expected increases for 20x2 39 When calculating projected increases round to SEVEN decimal places $0.0000000 3 4 5 6 7 8 9 10 READY 16 17 18 Pres Type here to search A Paste Lg Copy Format Painter Clipboard MS Sans Serit -18. 5 BIU. - Font A - = wrap text A ESE E Merge & Center - Alignment $ %, Number 8.98 : Font Alignment B C D E F G H 32 Expected increases for 20x2 39 When calculating projected increases round to SEVEN decimal places 50,0000000 41 42ES 1. Material Costs are expected to increase by 2.00% 2. Labor Costs are expected to increase by 3.00% 3. Variable Overhead is expected to increase by 4.50%. 4 Five 4. Fixed Overhead is expected to increase to $270,000. 5. Fixed Administrative expenses are expected to increase to $60,000 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.50%. WS88 7. Fixed selling expenses are expected to be $39,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to 75 increase by 5.00% 76 83 On the following schedule develop the following figures: 84 1. 20x2 Projected Variable Manufacturing Unit Cost of a lamp 85 86 2 - 20x2 Projected Variable Unit Cost per lamp ... 2 3 4 5 6 7 8 9 10 11 12 13 14 READY 15 16 17 18 Pre 1 Type here to search On e O P FILE A HOME INSERT PAGE LAYOUT X Cut MS Sans Serif -8.5 Be Copy - Format Painter BIU. - Clipboard Font X fix FORMULAS DATA REVIEW * = = = . A ZE VIEW Wrap Text Merge & Center - Paste - $ . % 898 Cond Form Alignment Number 2. Labor Costs are expected to increase by 3.00% 3. Variable Overhead is expected to increase by 4.50% 4. Fixed Overhead is expected to increase to $270,000 5. Fixed Administrative expenses are expected to increase to $60,000 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.50% to increase 7. Fixed selling expenses are expected to be $39,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 5.00%. 83 On the following schedule develop the following figures: 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp 2- 20x2 Projected Variable Unit Cost per lamp 3. 20x2 Projected Fixed Costs 105 ... 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Pres ... READY Type here to search earch o te OO 4 PART 3 Budgets 10 11 12 Division N has decided to develop its budget based upon projected sales of 41,000 lamps at 13 $49.00 per lamp 18 The company has requested that you prepare a master budget for the year. This budget is to be used 19 for planning and control of operations and should be composed of cu Laway 21 1. Production Budget 27 2. Materials Budget 29 3. Direct Labor Budget 31 4. Factory Overhead Budget 36 37 5. Selling and Administrative Budget 39 6. Cost of Goods Sold Budget 38 40 45 7. Budgeted Income Statement ... 2 3 4 5 READY 6 7 8 9 10 11 12 13 14 15 16 17 18 Pre Lotta A = . o cut Le Copy - Paste Format Painter Clipboard MS Sans Serif - 85A BIU-B. A A. = = = Wrap Text Merge & Center - $ %, 898 Condi Format Font Alignment Number AIX & for 15 A 7. Budgeted Income Statement 46 47 8. Cash Budget M8 49 Notes for Budgeting: 54 55 56 The company wants to maintain the same number of units in the beginning and ending inventories of 57 work-in-process, and electrical parts while increasing the figurines inventory to 725 pieces and 58 decreasing the finished goods by 20% 64 Complete the following budgets 66 67 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods Total Needed Less: Beginning Inventory 7.01) Total Production 87 RA 88 8 10 10 11 12 13 14 15 16 17 18 Pres... READY 1 Type here to search 2 Materials Budget {8.01) {8.027 Figurines Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, SN#.##) {8.03) {8.04 (8.05) WRONNING {8.06) Electrical Parts Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, S####) {8.07) Lamp Shades Needed for Production ... 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Pres... DATA REVIEW VIEW FORMULAS AM - A. Wrap Text En Copy Merge & Center - $ 898 % FILE HOME INSERT PAGE LAYOUT % Cut MS Sans Serif -18 Format Painter BIU - - Clipboard : X fx Conditional Format Formatting Table Styles Number Alignment Font G Lamp Shades Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, SW.) 18.08) 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, S####) {809) 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be produced Total Variable Factory Overhead (Round to two places, S#### Fixed Factory Overhead (8.10) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Pres... ADY FORMULAS DATA REVIEW VIEW EL FILE HOME INSERT PAGE LAYOUT MS Sans Serif 38.5 e Copy - BIU. - * Format Painter Clipboard X fx Wrap Text Merge & Center - + A $ -% -aste Conditional Format as Formatting - Table Styles Number Alignment DE 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, SI 18.09) ## 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, S####) Fixed Factory Overhead {8.1037 {8.11) Total Factory Overhead (Round to two places, S####) E E 14 15 16 17 18 Pres... 13 ... 2 3 11 12 4 5 9 10 6 7 8 1 ADY Type here to search