I See The Light Projected Income Statement For the Period Ending December 31, 20x1 Schedule of Fixed Costs Fixed Overhead (normal capacity of Fixed Selling Fixed Administrative Projected Total Fixed Costs lamps @_) \begin{tabular}{|l|l|l|} 201 Cost & \multicolumn{1}{l}{ProjectedPercentIncrease} \\ \hline & & 202 Cost \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} {4.08} {4.09} {4.10} {4.11} Variable Manufacturing Unit Cost {4.01} {4.02} {4.03} {4.04} Total Variable Cost Per Unit Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost Projected Total Variable Cost Per Unit 20x1 Cost Projected Percent Increase \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \multirow{2}{*}{} \\ \hline & & \\ \hline & & \\ \hline \end{tabular} {4.05} {4.06} {4.04} {4.07} 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 TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 5.50%. 2. Labor Costs are expected to increase by 2.50%. 3. Variable Overhead is expected to increase by 4.50%. 4. Fixed Overhead is expected to increase to $295,000. 5. Fixed Administrative expenses are expected to increase to $56,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 2.50%. 7. Fixed selling expenses are expected to be $27,000 in 202. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 2.50%. 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. I See The Light Projected Balance Sheet As of December 31, 20x1 Current Assets Cash Accounts Receivable Inventory Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity $34,710.00 67,500.00 500@$16.00 8,000.00 3000@$30.00 90,000.00$200,210.00 $20,000.006,800.00 13,200.00$213,410.00 \begin{tabular}{cr} $ & 54,000.00 \\ \hline$ & 54,000.00 \end{tabular} \$ 12,000.00 147,410.00 \begin{tabular}{lr} & 159,410.00 \\ \hline$213,410.00 \\ \hline \hline \end{tabular}