Fixed and Variable Cost Determinations Unit Cost Calculations The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are $9.2000000 per lamp Figurines Electrical Sets Lamp Shade Direct Labor Variable Overhead Fixed Overhead 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 Expected increases for 2017 When calculating projected increases round to SEVEN decimalplaces,$0.0000000 1, Material costs are expected to increase by 3.50%. 2, Labor Costs are expected to increase by 3.00%. 3. Variable Overhead is expected to increase by 500%. 4. Fixed Overhead is expected to Increase to $255,000 5. Fixed Administrative expenses are expected to Increase to $46,000 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 5.50%. 7. Fixed selling expenses are expected to be $31,000 in 2017 8. Variable administrative expenses (measured aper lamp basis) are expected to Increase by 3.00%. On the following schedule develop the following figures: 1- 2017 Projected Variable Manufacturing Unit Cost of a lamp. 2- 2017 Projected Variable Unit Cost per lamp 3- 2017 Projected Fixed Costs