I See The Light Projected Income Statement For the Period Ending December 31, 20x1 $ 1,125,000.00 723,250.00 $ 401.750.00 Sales 25,000 lamps @ $45.00 Cost of Goods Sold @ $28.93 Gross Profit Selling Expenses: Fixed Vanable (Commission per unit) @ $3.15 Administrative Expenses Total Selling and Administrative Expenses: Net Profit $ 23,000.00 78,750.00 S 101.750 00 41.250.00 143,000.00 258,750.00 S 5 -5 56 58 I See The Light Projected Balance Sheet As of December 31, 20x1 S 34,710.00 67 500.00 7 30 BD 70 7 80 31 82 83 84 93 94 OK Current Assets Cash Accounts Receivablo Inventory Raw Material Figurines Electrical Sets Work in Process Finished Goods Total Current Assets 4,600.00 625.00 500 @ $9.20 500 @ $1.25 0 3000 $28.9250 86,775.00 194 210.00 $ B E F G H D STTUU GORUS Total Current Assets JUOV 20.3ZOV . 194,210.00 Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets $ 20,000.00 6.800.00 13,200.00 207.410.00 54,000.00 54,000.00 S Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Eamings Total Stockholder's Equity Total Liabilities and Stockholder's Equity $ 12,000.00 141.410.00 153,410.00 207.410.00 A B D BE Vanable Manufacturing Unit Cost 20X1 Cost Projected Percent Increase 20x2 Cost Rounded to 7 Decimal Places {4.01) [4.02) (4.03) 14.04) (4.05) Figurines 3 Electrical Sets Lamp Shade 6 Labor -7 Variable Overhead 28 29 Projected Vanable Manufacturing Cost Per Unit 30 37 38 39 Total Vanablo Cost Por Unit 4.06) 20x1 Cost Projected Porcent Increase 20x2 Cost Rounded to 7 Decimal Places 40 (407) (4.08) (4.09 Variable Selling 48 Varabla Administrative 20x1 49 Vanable Administrative 20x2 50 51 Projected Variable Manufacturing Unit Cost 52 Projected Total Variable Cost Per Unit 59 60 61 62 Schedule of Fixed Costs 14.06) 14.10) 20x1 Cost Projected Increase 20x2 Cost Rounded to 2 Decimal Places (4.11) 63 70 Fixed Overhead 71 Inormal capacity of Intindiction 1 lamos FAQ 3 D Schodule of Fixed Costs 20x1 Cost Projected Increase 20x2 Cost Rounded to 2 Decimal Places (4.11 lamps @ Fixed Overhead (nomal capacity of Fixed Selling Fixed Administrative 20x1 Fixed Administrativa 20x2 Projected Total Fixed Costs 14.12) {4.13) 14.14) 14.25) I See The Light Projected Income Statement For the Period Ending December 31, 20x1 $ 1,125,000.00 723,250.00 $ 401.750.00 Sales 25,000 lamps @ $45.00 Cost of Goods Sold @ $28.93 Gross Profit Selling Expenses: Fixed Vanable (Commission per unit) @ $3.15 Administrative Expenses Total Selling and Administrative Expenses: Net Profit $ 23,000.00 78,750.00 S 101.750 00 41.250.00 143,000.00 258,750.00 S 5 -5 56 58 I See The Light Projected Balance Sheet As of December 31, 20x1 S 34,710.00 67 500.00 7 30 BD 70 7 80 31 82 83 84 93 94 OK Current Assets Cash Accounts Receivablo Inventory Raw Material Figurines Electrical Sets Work in Process Finished Goods Total Current Assets 4,600.00 625.00 500 @ $9.20 500 @ $1.25 0 3000 $28.9250 86,775.00 194 210.00 $ B E F G H D STTUU GORUS Total Current Assets JUOV 20.3ZOV . 194,210.00 Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets $ 20,000.00 6.800.00 13,200.00 207.410.00 54,000.00 54,000.00 S Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Eamings Total Stockholder's Equity Total Liabilities and Stockholder's Equity $ 12,000.00 141.410.00 153,410.00 207.410.00 A B D BE Vanable Manufacturing Unit Cost 20X1 Cost Projected Percent Increase 20x2 Cost Rounded to 7 Decimal Places {4.01) [4.02) (4.03) 14.04) (4.05) Figurines 3 Electrical Sets Lamp Shade 6 Labor -7 Variable Overhead 28 29 Projected Vanable Manufacturing Cost Per Unit 30 37 38 39 Total Vanablo Cost Por Unit 4.06) 20x1 Cost Projected Porcent Increase 20x2 Cost Rounded to 7 Decimal Places 40 (407) (4.08) (4.09 Variable Selling 48 Varabla Administrative 20x1 49 Vanable Administrative 20x2 50 51 Projected Variable Manufacturing Unit Cost 52 Projected Total Variable Cost Per Unit 59 60 61 62 Schedule of Fixed Costs 14.06) 14.10) 20x1 Cost Projected Increase 20x2 Cost Rounded to 2 Decimal Places (4.11) 63 70 Fixed Overhead 71 Inormal capacity of Intindiction 1 lamos FAQ 3 D Schodule of Fixed Costs 20x1 Cost Projected Increase 20x2 Cost Rounded to 2 Decimal Places (4.11 lamps @ Fixed Overhead (nomal capacity of Fixed Selling Fixed Administrative 20x1 Fixed Administrativa 20x2 Projected Total Fixed Costs 14.12) {4.13) 14.14) 14.25)
