just the yellow part

PART 4 Process Costing - Weighted Average General Information The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars. The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout. Month of January Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department. Molding Department Goods in-process as of January 1 were 3,100 figurines at a cost of $50,134.00. Of this amount, $4,774.00 was from raw materials added, $30,240.00 for labor and $15,120.00 for overhead. These 3,100 figurines were assumed to be 60.00% complete as to labor and overhead. During January, 24.000 units were started, $39,670.00 of materials and $34,430.00 of labor costs were incurred. The 8,000 figurines that were in-process at the end of January were assumed to be 40.00% complete to labor and overhead. All figurines in January passed inspection. MOLDING Physical Flow of Units Work-in-Process - Beginning Units Started this Period Units to Account for Total transferred out Work-in-Process - Ending Total Accounted for {12.01} (12.02) Equivalent Units Material (Round to two places, ##,###.##) {12.03) Equivalent Units Conversion (Round to two places, ##.###.##) (12.04 Total cost of Material (Round to two places, ##.###.##) {12.05) Total cost of Conversion (Round to two places, ##.#####) Total cost to account for (Round to two places, ######) (12.06) {12.07) Cost per equivalent unit of Material (Round to two places, ##.#) {12.08) Cost per equivalent unit of Conversion (Round to two places, ###.##) (12.09) Cost of the ending inventory, material and convesion (Round to two places, S######## (12.10) Cost of the units transferred, material and convesion (Round to two places. S####### {12.11} I See The Light Projected Income Statement For the Period Ending December 31, 20x1 $1,125,000.00 750,000.00 $ 375,000.00 Sales 25,000 lamps @ $45.00 Cost of Goods Sold @ $30.00 Gross Profit Seling Expenses: Fixed Variable (Commission per unt) @ 53.00 Administrative Expenses: Fixed Variable @ 52.00 Total Selling and Administrative Expenses: Net Profit 75,000.00 $ 98,000.00 50,000.00 92.000.00 190,000.00 $ 185,000.00 1 See The Light Projected Balance Sheet As of December 31, 20x1 $ 34,710.00 67,500.00 8,000.00 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 500 $16.00 0 3000 @ $30.00 90,000.00 $ 200,210.00 $ 20,000.00 6.800.00 13,200.00 3 213.410.00 $ 54,000.00 $ 54,000.00 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity $ 12,000.00 147.410.00 159.410.00 $ 213,410.00 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: Lamp Kit: Direct Labor: Variable Overhead: Fixed Overhead: $16.0000000 per lamp 2.0000000 per lamp (4 lamps/hr.) 2.0000000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) $30.0000000 per lamp Cost per lamp: Expected increases for 20x2 When calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 3.00% 2. Labor Costs are expected to increase by 6.50%. 3. Variable Overhead is expected to increase by 3.00%. 4. Fixed Overhead is expected to increase to $300,000 5. Fixed Administrative expenses are expected to increase to $50,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 4.50% 7. Fixed selling expenses are expected to be $31,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 4.50% 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 3- 20x2 Projected Fixed Costs