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H L 12 16 26 28 30 789wuunHEGEumHmmssmmmmwm88mu A B C Background Information I SEE THE LIGHT (ISTL) is a subchapter S corporation that manufactures children's lampsightlights for use in bedrooms. These lamps are sold nationwide through a group of independent sales representatives who have an exclusive sales region. The business is in its tenth year and has asked you to assist in planning for next year's operations. The lamps are ceramic figurines of animals, boats, boys and girls playing and singing, all in delightful colors. The owner of the business, Big Al, creates a drawing for the figurine and faxes it to a plant in China where a mold is created and a sample produced and hand painted. If the mold meets the expectations of Big Al an order of 500 lamp parts is placed Each lamp kit consists of the parts required to complete one lamp, a igurine, a lamp shade and the required electrical components. There are presently 10 different figurines that come in six different colors, 60 models There are presently 10 workers in the plant. They are responsible for receiving the raw material, manufacturing the product, packing and shipping. In addition to Big Al there are two office workers who are responsible for all administrative duties. Big Al had his accountant prepare the projected Income Statement and Balance Sheet presented on page wo. Big AI heard about your skills in managerial accounting and would like your assistance in the following areas Part 1 Fixed and Variable Cost Determinations - Unit Cost Calculations Part 2 Cost Volume Relationships - Profit Planning Budgets Part 4 Process Costing Part 5 Job Order Casting Part 6 Standard Costing. Variance Analysis Part 7 Capital Decision Making To upload your work to Big Al the file without changing the name Pay attention to the specific location that Excel saves the file Return to the bottom of the page that you downloaded the file from Cybertext com, The Book List Building Blocks of Accounting-A Managerial Perspective Enter password, Upload Your Excel File. If you upload an old version of the file the results will not update. Keep two copies of your spreadsheet in two separate places in case one of Big Als competitors sends someone to destroy your work or it is lost in transmission You may find it easier to work on this project if you print a hard copy of all the pages. ggggggggg Part 3 37 40 42 44 45 48 50 SI NOTE 53 54 55 56 If there are any questions about the project e-mail markfriedman@miami.edu or call 305 284.6296 Grade will be based upon answers entered into the shaded boxes. 59 A2 A 3 A 4 A5 AC A Introduction FAQ A1 Calculation Mode: Automatic Workbook Statistics