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I just need the numbers that go in the highlighted boxes. It also says my answers for 4.08,.09,.11,.13,.14 are wrong but the totals are correct.
I just need the numbers that go in the highlighted boxes. It also says my answers for 4.08,.09,.11,.13,.14 are wrong but the totals are correct. Help
I See The Light Projected Balance Sheet As of December 31,201 Current Assets Current Liabilities Accounts Payable Total Liabilities \begin{tabular}{cr} $ & 54,000.00 \\ \hline$ & 54,000.00 \end{tabular} Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 153,410.00$207,410.00 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: Expected increases for 202 When calculating projected increases round to SEVEN decimal places, $0.0000000. 1. Material Costs are expected to increase by 4.00%. 2. Labor Costs are expected to increase by 6.00%. 3. Variable Overhead is expected to increase by 5.00%. 4. Fixed Overhead is expected to increase to $260,000. 5. Fixed selling expenses are expected to be $25,000 in 202. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.00%. 7. Fixed Administrative expenses are expected to increase by $14,000. The total administrative expenses for 200 viere $40,625.00, when 22,500 units were sold. Use the High-Low method to calculate the total fixed administrative expense. 8. Variable administrative expenses (measured on a per lamp basis) are expected to increase by 3.50%. The total administrative expenses for 20x0 were $40,625.00, when 22,500 units were sold. Use the High-Low method to calculate the variable administrative expense per lamp. 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. {4.01} {4.02} {4.03} {4.04} {4.05} {4.06} Total Variable cost Per Unit {4.07} {4.08} {4.09} {4.06} {4.10} Schedule of Fixed Costs {4.11} {4.12} {4.13} {4.14} {4.15} Big Al is about to begin work on the budget for 202 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 202 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution marnin ratin fnr parh lamn enld? Contribution Margin per unit (Round to seven places, \$\#\#.\#\#\#\#\#\#) Contribution Margin Ratio (Round to seven places, % is two of those places \#\#.\#\#\#\#\% For 202 the selling price per lamp will be $45.00. How many lamps must be sold to breakeven? For 202 the selling price per lamp will be $45.00. The desired operating income in 202 is $269,250. What would sales in units have to be in 202 to reach the profit aoal? Sales in units (Round up to zero places, \#\#\#,\#\# units) For 202 the selling price per lamp will be $45.00. The company would like to have a operating income equal to 27.00% of sales. If that is to be achieved, what would be the sales in units in 202 ? Sales in units (Round up to zero places, \#\#\#,\#\#\# units) If the company believed that it could only sell 25,000 lamps, what would the new selling price have to be so that the new contribution margin per unit is equal to last year's contribution margin per unit? For 202 the selling price per lamp will be $45.00 and the effective tax rate is 39%. How many units must be sold to aenerated a operatina income of $260.000 after taxes? If the company believes that the demand will be 27,500 units for the year. What selling price ner lamn rounded tn twn nlaces wnuld nenerate a oneratinn income nf S8 94.500 ? New selling price per lamp (Kound up to two places, \$\#\#\#,\#\#.\#\#) To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,025 figurines @ $9.40 per figurine. 6-Jan Purchased 4,150 sets of electical components @\$1.40 per set. 7-Jan Purchased 4,000 lamp shades @ \$6.70 per set. 8-Jan 4,025 figurines were requisitioned. 9-Jan 4,125 sets of electrical components were requisitioned. 17-Jan Payroll of 630 Direct Labor Hours @ $9.70 per hour. 28-Jan 3,990 lamp shades were requisitioned 30-Jan Payroll of 680 Direct Labor Hours @ $9.95 per hour. 30-Jan 3,990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing. Round to six places, \$\#\#.\#\#\#\#\#\# Cost of Direct Material Incurred in Manufacturinq Job 2407 Cost of Direct Labor Incurred in Manufacturinq Job 2407 Cost of Manufacturing Overhead Applied to Job 2407 Cost of manartrinn nne lamn I See The Light Projected Balance Sheet As of December 31,201 Current Assets Current Liabilities Accounts Payable Total Liabilities \begin{tabular}{cr} $ & 54,000.00 \\ \hline$ & 54,000.00 \end{tabular} Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 153,410.00$207,410.00 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: Expected increases for 202 When calculating projected increases round to SEVEN decimal places, $0.0000000. 1. Material Costs are expected to increase by 4.00%. 2. Labor Costs are expected to increase by 6.00%. 3. Variable Overhead is expected to increase by 5.00%. 4. Fixed Overhead is expected to increase to $260,000. 5. Fixed selling expenses are expected to be $25,000 in 202. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.00%. 7. Fixed Administrative expenses are expected to increase by $14,000. The total administrative expenses for 200 viere $40,625.00, when 22,500 units were sold. Use the High-Low method to calculate the total fixed administrative expense. 8. Variable administrative expenses (measured on a per lamp basis) are expected to increase by 3.50%. The total administrative expenses for 20x0 were $40,625.00, when 22,500 units were sold. Use the High-Low method to calculate the variable administrative expense per lamp. 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. {4.01} {4.02} {4.03} {4.04} {4.05} {4.06} Total Variable cost Per Unit {4.07} {4.08} {4.09} {4.06} {4.10} Schedule of Fixed Costs {4.11} {4.12} {4.13} {4.14} {4.15} Big Al is about to begin work on the budget for 202 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 202 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution marnin ratin fnr parh lamn enld? Contribution Margin per unit (Round to seven places, \$\#\#.\#\#\#\#\#\#) Contribution Margin Ratio (Round to seven places, % is two of those places \#\#.\#\#\#\#\% For 202 the selling price per lamp will be $45.00. How many lamps must be sold to breakeven? For 202 the selling price per lamp will be $45.00. The desired operating income in 202 is $269,250. What would sales in units have to be in 202 to reach the profit aoal? Sales in units (Round up to zero places, \#\#\#,\#\# units) For 202 the selling price per lamp will be $45.00. The company would like to have a operating income equal to 27.00% of sales. If that is to be achieved, what would be the sales in units in 202 ? Sales in units (Round up to zero places, \#\#\#,\#\#\# units) If the company believed that it could only sell 25,000 lamps, what would the new selling price have to be so that the new contribution margin per unit is equal to last year's contribution margin per unit? For 202 the selling price per lamp will be $45.00 and the effective tax rate is 39%. How many units must be sold to aenerated a operatina income of $260.000 after taxes? If the company believes that the demand will be 27,500 units for the year. What selling price ner lamn rounded tn twn nlaces wnuld nenerate a oneratinn income nf S8 94.500 ? New selling price per lamp (Kound up to two places, \$\#\#\#,\#\#.\#\#) To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,025 figurines @ $9.40 per figurine. 6-Jan Purchased 4,150 sets of electical components @\$1.40 per set. 7-Jan Purchased 4,000 lamp shades @ \$6.70 per set. 8-Jan 4,025 figurines were requisitioned. 9-Jan 4,125 sets of electrical components were requisitioned. 17-Jan Payroll of 630 Direct Labor Hours @ $9.70 per hour. 28-Jan 3,990 lamp shades were requisitioned 30-Jan Payroll of 680 Direct Labor Hours @ $9.95 per hour. 30-Jan 3,990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing. Round to six places, \$\#\#.\#\#\#\#\#\# Cost of Direct Material Incurred in Manufacturinq Job 2407 Cost of Direct Labor Incurred in Manufacturinq Job 2407 Cost of Manufacturing Overhead Applied to Job 2407 Cost of manartrinn nne lamnStep by Step Solution
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