I See The Light Projected Income Statement For the Period Ending December 31. 20:1 Sales Cost of Goods Sold Gross Profit Selling Expenses Fined Variable Administative Expenses: Fised Variable Total Selling and Administrative Expenses: NeiProfik 25,000 lamps @ $45.00 (9) $30.00 (Commission per unit) \& $3,00 (9) 50.0000092,000.00 51,125,00000 750.000 .00 \$. 375,000,00 I See The Light Projected Batance Sheet As of December 31, 20n1 Current Assets Cash Acoounts Receivable Insentory \& 3.34 .710 .00 Fac Material Lamp Kits Work in Process Finished Goods 87,50000 Total Curent Assets Fined Assets Eguipment Accumulated Deprechation Total Fined Rssets TotalAssets CurrentLisbiriez Accounts Payable Totaltiabilties Stockholser's Equite Common Stock Petained Eainings Tocal Stockholder's Equity Totalksbilites and Srockholder's Equag $5.00000354,00000 S 12000000 19740000 5,00000 PART 1 Fixed and Variable Cost Determinations Unit Cost Calculations The projected cost of a lamp is calculated based upon the projected increases or decreases ro current costs. The present oosts to manufacture one lamp are: Enpected increases for 2042 When calculating projected increases round ro TWO(\$0.00) deoimal places. 1. Material Costs ate expected to increase by 2.50% 2. Labor Costs are expected to increase by 6.00% 3. Variable Overhe ad is expected to increase by 3.50% 4. Fised Overhed is empected to increase to $290,000 5. Ficed Administiative erpenses are expected to increase to $50,000 8. Variable selling experises imeasured on a per lamp basis) are eapeoted to increase by 509% 7. Fised selling eipenses are expected to be $23,000 in 20i=2 8. Variable adininistrative enpenses (measured a per lamp basis) ate eapected to increase by 300% On the following schedule develop the following figures 1. 20nz Prolected Variable Manutaoturing Unit Cost of a lamp: 2. 202 Prolected Variable Unit Cost per lamp 3. 20x2 Piojected Fived Costs