Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need the answers for the yellow empty boxes Fixed and Variable Cost Determinations Unit Cost Calculations The projected cost of a lamp is calculated

i need the answers for the yellow empty boxes

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

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: $16.0000000 per lamp Lamp Kit: Direct Labor: Varable Overhead Fixed Overhead: 2.0000000 per lamp (4 lamps/hr.) 2.0000000 per lamp 0.0000000 per lamp (based on normal capacity of 25,000 lamps) Cost per lamp: Expected increases for 20x2 When calculating projected increases round to TWO (S0.00) decimal places. 1. Material Costs are expected to increase by 2.50% 2. Labor Costs are expected to increase by 5.00%. 3. Variable Overhead is expected to increase by 5.50%. 4. Fixed Overhead is expected to increase to $300,000. 5. Fixed Administrative expenses are expected to increase to $54,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.00%. 7. Fixed selling expenses are expected to be $35,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 2.00%. 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

3 1/2 IRS Audit Red Flags That Trigger 99% Of All IRS Audits Tax Houdini How To Cut Taxes Without Provoking An Audit

Authors: Dean Q Wynn, Sam L Milledge, Altaf Adam, Samuell L Milledge II, Eric T McFerren

1st Edition

1985081199, 978-1985081192

More Books

Students also viewed these Accounting questions

Question

Describe the factors influencing of performance appraisal.

Answered: 1 week ago

Question

Compose the six common types of social business messages.

Answered: 1 week ago

Question

Describe positive and neutral messages.

Answered: 1 week ago