I just need questions 9.04-9.14 answered. I provided all the information that is needed to answer these questions. Thank you.

the questions that need to be answered are 9.04 through 9.14. it is the last screenshot provided. All other screenshots are additional information to answer questions 9.04 through 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 Soo @ 30.00 0 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 $ 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: Lamp Kit: Direct Labor: Variable Overhead: Fixed Overhead: $16.0000000 per lamp 2.0000000 per lamp (4 lamps/hr.) 2.0000000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) Cost per lamp: $30.0000000 per lamp Expected increases for 20x2 When calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 4.50%. 2. Labor Costs are expected to increase by 4.50%. 3. Variable Overhead is expected to increase by 6.50%. 4. Fixed Overhead is expected to increase to $270,000. 5. Fixed Administrative expenses are expected to increase to $44,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 6.50%. 7. Fixed selling expenses are expected to be $37,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 3.00%. 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. I See The Light, Inc Schedule of Projected Costs Var Formula Bar Cost 20x1 Cost 20x2 Cost Rounded to 2 Decimal Places Lamp Kit Labor Variable Overhead Projected Percent Increase 161 4.5 2 4.5 2 6.5 $16.72 $2.09 $2.13 {4.01) {4.02) {4.03) 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 Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost 6.5 23 3.20 2.06 5.26 {4.05) {4.06) {4.04) Projected Total Variable Cost Per Unit 26.20 {4.07) Schedule of Fixed Costs 20x2 Cost 20x1 Cost Projected Percent Increase 2500008 270,000.00 {4.08) ____ lamps @_) Fixed Overhead (normal capacity of 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} PART 2 Cost Volume Relationships - Profit Planning Big Al is about to begin work on the budget for 20x2 and they have requested that you prepare an analysis based on the following assumptions. Note: Remember, that we cannot sell part of a lamp, therefore to find the number of units you have to round up to the next complete unit. Furthuremore, to find the required sales in dollars it may be easier to find the number of units and then multiply by the selling price per unit. For 20x2 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution margin ratio for each lamp sold? 45 subtracted 26.2 equals 18.8 which is the CM selling price pe minus vc per unit 18.8 divided by 45 times | 100 42% contribution divded by rev times 100 Contribution Margin per unit (Round to two places, $##.##) $18.80 {5.01) Contribution Margin Ratio (Round to four places,% is two of those places ##.##%) 41.78% {5.02) For 20x2 the selling price per lamp will be $45.00. The desired net income in 20x2 is $195,000. What would sales in units have to be in 20x2 to reach the profit goal? CM per unit times unit sold (Xequals profit fixed cost 18.8 times equals 1 195000 plus 351000 18.8x equals 1 546000 546000 divided by 1 18.8 equals 1 2 9042.5 equals plus 29043 Break even sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 29,043 units {5.03) For 20x2 the selling price per lamp will be $45.00. If the fixed cost increase by $55,000.00 how many lamps must be sold to breakeven? 55000 plus 1 351,000 equals I 406000 (total fixed cost) 18.8 times equals 406000 equals 406000 divided by 18.8 equals 21595.744 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 21,596 units {5.04} 4. For 20x2 the selling price per lamp will be $45.00. If the variable cost increase by $5.50 a unit how many lamps must be sold to breakeven? 26390.98 total fixed co divided by cm per unit 351000 divided by igot 13.30 becau selling price do this for cm pe 13.3 minus 45 minus equals variable cost 26.20+5.50 equals 13.3 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 26,391 units {6.01) For 20x2 the selling price per lamp will be $45.00. If the variable cost decreased by $5.50 a unit how many lamps must be sold to breakeven? 1 total fixed cost dvided by 3 51000 divided by 45 minus cont per unit 24.3 equals 26.20-5.50 equals 1 14444.44 24.3 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 14.445 units {6.02} 6. If for 20x2 the selling price per lamp is increased to $50.50 a unit how many lamps must be sold to breakeven? total fixed divided by cont. per unit 351000 divided by 24.3 equals 1 14444.44 selling price minus variable cost 50.5 minus 26.2 equals 24.3 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 14,445 units {6.03) 7. If for 20x2 the selling price per lamp is decreased to $39.50 a unit how many lamps must be sold to breakeven? total fixed divided by cont. per unit 351000 divided by 13.31 26390.97) selling price minus variable cost 39.5 minus 26.2 equals 1 13.31 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 26,391 units {6.04 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) COSI OL 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 {9.08) 700 24400 {9.09) {9.10} {9.11} Total Materials: Labor Overhead Cost of Goods Available Less: Ending Inventory, Finished Goods Cost of Goods Sold {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 Soo @ 30.00 0 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 $ 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: Lamp Kit: Direct Labor: Variable Overhead: Fixed Overhead: $16.0000000 per lamp 2.0000000 per lamp (4 lamps/hr.) 2.0000000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) Cost per lamp: $30.0000000 per lamp Expected increases for 20x2 When calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 4.50%. 2. Labor Costs are expected to increase by 4.50%. 3. Variable Overhead is expected to increase by 6.50%. 4. Fixed Overhead is expected to increase to $270,000. 5. Fixed Administrative expenses are expected to increase to $44,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 6.50%. 7. Fixed selling expenses are expected to be $37,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 3.00%. 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. I See The Light, Inc Schedule of Projected Costs Var Formula Bar Cost 20x1 Cost 20x2 Cost Rounded to 2 Decimal Places Lamp Kit Labor Variable Overhead Projected Percent Increase 161 4.5 2 4.5 2 6.5 $16.72 $2.09 $2.13 {4.01) {4.02) {4.03) 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 Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost 6.5 23 3.20 2.06 5.26 {4.05) {4.06) {4.04) Projected Total Variable Cost Per Unit 26.20 {4.07) Schedule of Fixed Costs 20x2 Cost 20x1 Cost Projected Percent Increase 2500008 270,000.00 {4.08) ____ lamps @_) Fixed Overhead (normal capacity of 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} PART 2 Cost Volume Relationships - Profit Planning Big Al is about to begin work on the budget for 20x2 and they have requested that you prepare an analysis based on the following assumptions. Note: Remember, that we cannot sell part of a lamp, therefore to find the number of units you have to round up to the next complete unit. Furthuremore, to find the required sales in dollars it may be easier to find the number of units and then multiply by the selling price per unit. For 20x2 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution margin ratio for each lamp sold? 45 subtracted 26.2 equals 18.8 which is the CM selling price pe minus vc per unit 18.8 divided by 45 times | 100 42% contribution divded by rev times 100 Contribution Margin per unit (Round to two places, $##.##) $18.80 {5.01) Contribution Margin Ratio (Round to four places,% is two of those places ##.##%) 41.78% {5.02) For 20x2 the selling price per lamp will be $45.00. The desired net income in 20x2 is $195,000. What would sales in units have to be in 20x2 to reach the profit goal? CM per unit times unit sold (Xequals profit fixed cost 18.8 times equals 1 195000 plus 351000 18.8x equals 1 546000 546000 divided by 1 18.8 equals 1 2 9042.5 equals plus 29043 Break even sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 29,043 units {5.03) For 20x2 the selling price per lamp will be $45.00. If the fixed cost increase by $55,000.00 how many lamps must be sold to breakeven? 55000 plus 1 351,000 equals I 406000 (total fixed cost) 18.8 times equals 406000 equals 406000 divided by 18.8 equals 21595.744 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 21,596 units {5.04} 4. For 20x2 the selling price per lamp will be $45.00. If the variable cost increase by $5.50 a unit how many lamps must be sold to breakeven? 26390.98 total fixed co divided by cm per unit 351000 divided by igot 13.30 becau selling price do this for cm pe 13.3 minus 45 minus equals variable cost 26.20+5.50 equals 13.3 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 26,391 units {6.01) For 20x2 the selling price per lamp will be $45.00. If the variable cost decreased by $5.50 a unit how many lamps must be sold to breakeven? 1 total fixed cost dvided by 3 51000 divided by 45 minus cont per unit 24.3 equals 26.20-5.50 equals 1 14444.44 24.3 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 14.445 units {6.02} 6. If for 20x2 the selling price per lamp is increased to $50.50 a unit how many lamps must be sold to breakeven? total fixed divided by cont. per unit 351000 divided by 24.3 equals 1 14444.44 selling price minus variable cost 50.5 minus 26.2 equals 24.3 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 14,445 units {6.03) 7. If for 20x2 the selling price per lamp is decreased to $39.50 a unit how many lamps must be sold to breakeven? total fixed divided by cont. per unit 351000 divided by 13.31 26390.97) selling price minus variable cost 39.5 minus 26.2 equals 1 13.31 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 26,391 units {6.04 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) COSI OL 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 {9.08) 700 24400 {9.09) {9.10} {9.11} Total Materials: Labor Overhead Cost of Goods Available Less: Ending Inventory, Finished Goods Cost of Goods Sold {9.12} {9.13) {9.14)