I just need help with solving questions 9.04-9.14. I just need the answers in yellow. I provided all other information I believe that is needed to solve the problem. Thank you!

I See The Light Projected Income Statement For the Period Ending December 31, 20x1 $ 1,125,000.00 750,000.00 $ 375,000.00 Sales 25,000 lamps @ $45.00 Cost of Goods Sold @ $30.00 Gross Profit Selling Expenses: Fixed Variable (Commission per unit) @ $3.00 Administrative Expenses: Fixed Variable @ $2.00 Total Selling and Administrative Expenses: Net Profit $ 23,000.00 75,000.00 $ 98,000.00 $ 42,000.00 50,000.00 92,000.00 190,000.00 185,000.00 $ I See The Light Projected Balance Sheet As of December 31, 20x1 34,710.00 67,500.00 Current Assets Cash Accounts Receivable Inventory Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets 500 @ $16.00 8,000.00 3000 @ $30.00 $ 90,000.00 200,210.00 Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets $ 20,000.00 6,800.00 $ 13,200.00 213,410.00 $ 54,000.00 54,000.00 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity $ 12,000.00 147,410.00 159,410.00 213,410.00 $ I See The Light, Inc Schedule of Projected Costs Pariable Manufacturing Unit Cost 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 4.5 Lamp Kit Labor Variable Overhead 4.5 $16.72 $2.09 $2.13 {4.01) {4.02) {4.03) C 6.5 Projected Variable Manufacturing Cost Per Unit 20 $20.94 {4.04) Total Variable Cost Per Unit 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 3.20 Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost 3 2 6.5 3 2.06 {4.05) {4.06 {4.04) 5.26 Projected Total Variable Cost Per Unit 26.20 {4.07) Schedule of Fixed Costs 20xl Cost 20x2 Cost Projected Percent Increase 250000 8 $ 270,000.00 {4.08) Fixed Overhead (normal capacity of _________ lamps @_) Fixed Selling Fixed Administrative $ 23000 42000 60.87 4.76 37,000.00 44,000.00 {4.09} {4.10) Projected Total Fixed Costs 315000 351,000.00 [4.11] The company wants to maintain the same number of units in the beginning and ending inventories of work-in-process, and electrical parts while increasing the inventory of Lamp Kits to 700 pieces and decreasing the finished goods by 20%. Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods Total Needed Less: Beginning Inventory 25000 2400 27400 -3000 Total Production 24,400 units {7.01} 2 Materials Budget Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, $##.##) 24,400 units 700 units 25,100 units 500 units {8.01} {8.02} {8.03} {8.04} 24600 16.72 411,312.00 {8.05} {8.06) 3 Direct Labor Budget $ {8.07} Labor Cost Per Lamp Production Total Labor Cost (Round to two places, $##.##) 2.09 24,400 units 50,996.00 {8.08} 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, $##.##) Fixed Factory Overhead 2.1300000 24,400 units 51,972.00 270,000.00 {8.09 {8.10} $ Total Factory Overhead (Round to two places, $##.##) 321,972.00 {8.11} 4 Factory Overhead Budget Overhead Allocation rate based on: 1. Number of Units Total Factory Overhead / Number of Units (Round to two places, $##.###) $13.20 {9.01) 5 Cost of making one unit next year Cost of one Lamp Kit Labor Cost Per Lamp Factory overhead per unit $2.09 {9.02) 32.01 {9.03} Total cost of one unit (Round to two places, $##.##) 6 Selling and Admin. Budaet {9.04} Fixed Selling Variable Selling (Round to two places, $##.##) Fixed Administrative Variable Administrative (Round to two places, $##.##) Total Selling and Administrative (Round to two places, $##.##) {9.05 {9.06 Round dollars to two places, $##.## 90,000.00 {9.07} Losto Goods Sold Budget- Beginning Inventory, Finished Goods Production Costs: Materials: Lamp Kits: Beginning Inventory Purchased Available for Use Ending Inventory of Lamp Kits Lamp Kits Used In Production 700 24400 {9.08) Total Materials: Labor Overhead Cost of Goods Available Less: Ending Inventory, Finished Goods Cost of Goods Sold {9.09) {9.10} {9.11} {9.12) {9.13} {9.14) I See The Light Projected Income Statement For the Period Ending December 31, 20x1 $ 1,125,000.00 750,000.00 $ 375,000.00 Sales 25,000 lamps @ $45.00 Cost of Goods Sold @ $30.00 Gross Profit Selling Expenses: Fixed Variable (Commission per unit) @ $3.00 Administrative Expenses: Fixed Variable @ $2.00 Total Selling and Administrative Expenses: Net Profit $ 23,000.00 75,000.00 $ 98,000.00 $ 42,000.00 50,000.00 92,000.00 190,000.00 185,000.00 $ I See The Light Projected Balance Sheet As of December 31, 20x1 34,710.00 67,500.00 Current Assets Cash Accounts Receivable Inventory Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets 500 @ $16.00 8,000.00 3000 @ $30.00 $ 90,000.00 200,210.00 Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets $ 20,000.00 6,800.00 $ 13,200.00 213,410.00 $ 54,000.00 54,000.00 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity $ 12,000.00 147,410.00 159,410.00 213,410.00 $ I See The Light, Inc Schedule of Projected Costs Pariable Manufacturing Unit Cost 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 4.5 Lamp Kit Labor Variable Overhead 4.5 $16.72 $2.09 $2.13 {4.01) {4.02) {4.03) C 6.5 Projected Variable Manufacturing Cost Per Unit 20 $20.94 {4.04) Total Variable Cost Per Unit 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 3.20 Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost 3 2 6.5 3 2.06 {4.05) {4.06 {4.04) 5.26 Projected Total Variable Cost Per Unit 26.20 {4.07) Schedule of Fixed Costs 20xl Cost 20x2 Cost Projected Percent Increase 250000 8 $ 270,000.00 {4.08) Fixed Overhead (normal capacity of _________ lamps @_) Fixed Selling Fixed Administrative $ 23000 42000 60.87 4.76 37,000.00 44,000.00 {4.09} {4.10) Projected Total Fixed Costs 315000 351,000.00 [4.11] The company wants to maintain the same number of units in the beginning and ending inventories of work-in-process, and electrical parts while increasing the inventory of Lamp Kits to 700 pieces and decreasing the finished goods by 20%. Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods Total Needed Less: Beginning Inventory 25000 2400 27400 -3000 Total Production 24,400 units {7.01} 2 Materials Budget Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, $##.##) 24,400 units 700 units 25,100 units 500 units {8.01} {8.02} {8.03} {8.04} 24600 16.72 411,312.00 {8.05} {8.06) 3 Direct Labor Budget $ {8.07} Labor Cost Per Lamp Production Total Labor Cost (Round to two places, $##.##) 2.09 24,400 units 50,996.00 {8.08} 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, $##.##) Fixed Factory Overhead 2.1300000 24,400 units 51,972.00 270,000.00 {8.09 {8.10} $ Total Factory Overhead (Round to two places, $##.##) 321,972.00 {8.11} 4 Factory Overhead Budget Overhead Allocation rate based on: 1. Number of Units Total Factory Overhead / Number of Units (Round to two places, $##.###) $13.20 {9.01) 5 Cost of making one unit next year Cost of one Lamp Kit Labor Cost Per Lamp Factory overhead per unit $2.09 {9.02) 32.01 {9.03} Total cost of one unit (Round to two places, $##.##) 6 Selling and Admin. Budaet {9.04} Fixed Selling Variable Selling (Round to two places, $##.##) Fixed Administrative Variable Administrative (Round to two places, $##.##) Total Selling and Administrative (Round to two places, $##.##) {9.05 {9.06 Round dollars to two places, $##.## 90,000.00 {9.07} Losto Goods Sold Budget- Beginning Inventory, Finished Goods Production Costs: Materials: Lamp Kits: Beginning Inventory Purchased Available for Use Ending Inventory of Lamp Kits Lamp Kits Used In Production 700 24400 {9.08) Total Materials: Labor Overhead Cost of Goods Available Less: Ending Inventory, Finished Goods Cost of Goods Sold {9.09) {9.10} {9.11} {9.12) {9.13} {9.14)