need 7.01- 11.14

Also can you include how answers were calculated

Any answers would be helpful.

bed Income Statement Ending December 31, 20x1 1.125.000 723 250 401.750 Sales 25,000 lamps 45 Cost of Goods Sold 28.93 Gross Profit Selling Expenses: Fixed Variable (Commission per unit) 3.15 Administrative Expenses Total Selling and Administrative Expenses: Net Profit 23,000 78,750 101,750 40,750 142 500 259.250 See The Light cted Balance Sheet December 31, 20x1 34.710 67,500 Current Assets Cash Accounts Receivable Inventory Raw Material Figurines Electrical Sets Work in Process Finished Goods Total Current Assets 500 9.2 500 1.25 0 3000 28.925 4.600 625 0 86.775 194.210 Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets 20,000 6,800 13.200 207,410 54.000 54,000 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 12.000 141.410 153,410 207.410 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 to current costs. The present costs to manufacture one lamp are: Figurines $9.2000000 per lamp Electrical Sets 1.25 per lamp Lamp Shade 6 per lamp Direct Labor 2.25 per lamp (4 lamps/hr.) Variable Overhead: 0.225 per lamp Fixed Overhead: 10 per lamp (based on normal capacity of 25,000 lamps) Cost per lamp: $28.9250000 per lamp Expected increases for 20x2 When calculating projected increases round to SEVEN decimal places, 50.0000000 1. Material Costs are expected to increase by 3.50% 2. Labor Costs are expected to increase by 3.00% 3. Variable Overhead is expected to increase by 2.00% 4. Fixed Overhead is expected to increase to $270,000. 5. Fixed selling expenses are expected to be $29,000 in 20x2. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 2.50% 7. Fixed Administrative expenses are expected to increase by $4,000. The total administrative expenses for 20x0 were $40.625.00, when 22,500 units were sold. Use the High-Low method to calculate the total fixed administrative expense. 8. Variable administrative expenses (measured on a per lamp basis) are expected to increase by 2.50%. The total administrative expenses for 20x0 were $40,625.00, when 22,500 units were sold. Use the High-Low method to calculate the variable administrative expense per lamp. On the following schedule develop the following figures: 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp. a 2- 20x2 Projected Variable Unit Cost per lamp. 3. 20x2 Projected Fixed Costs. I See The Light, Inc Schedule of Projected Costs Variable Manufacturing Unit Cost 20x1 Cost 9.2 1.25 Figurines Electrical Sets Lamp Shade Labor Variable Overhead Projected Percent 20x2 Cost Rounded to 7 Increase Decimal Places 3.50% $9.5220000 3.50% $1.2937500 3.50% $6.2100000 3.00% $2.3175000 2.00% $0.2295000 6 {4.01) {4.02) {4.03) {4.04) {4.05) 2.25 0.225 Projected Variable Manufacturing Cost Per Unit 18.925 $19.5727500 {4.06) Total Variable Cost Per Unit Variable Selling Variable Administrative 20x1 Variable Administrative 20x2 20x1 Cost Projected Percent 20x2 Cost Rounded to 7 Increase Decimal Places 3.151 2.50% 3.2287500 0.0500000 2.50% 0.0512500 {4.07) {4.08) 14.09) Projected Variable Manufacturing Unit Cost Projected Total Variable Cost Per Unit 19.57275 22.8527500 {4.06) 14.10) Schedule of Fixed Costs 20x1 Cost Projected Increase 20x2 Cost Rounded to 2 Decimal Places 270,000 lamps @_) 29,000 Fixed Overhead (normal capacity of Fixed Selling Fixed Administrative 20x1 Fixed Administrative 20x2 Projected Total Fixed Costs 14.12) (4.13) 39,500.00 43,500 342,500 (4.15) PART 2 Cost Volume Relationships - Profit Planning Big Al is about to begin work on the budget for 20x2 and they have requested that you prepare an analysis based on the following assumptions. Note: Remember, that we cannot sell part of a lamp, therefore to find the number of units you have to round up to the next complete unit. Furthuremore, to find the required sales in dollars it may be easier to find the number of units and then multiply by the selling price per unit. 1. For 20x2 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution margin ratio for each lamp sold? 45 22.85275 Contribution Margin per unit (Round to seven places, S#### $22.1472500 15.01) Contribution Margin Ratio (Round to seven places, is two of those places 1.41%) 49.216119 15.02 2 For 20x2 the selling price per lamp will be $45.00. How many lamps must be sold to breakeven? 342500 22.14725 Breakeven sales in units (Round up to zero places, www ww units) 15.465 units 15.03) 3. For 20x2 the selling price per lamp will be $45.00. The desired operating income in 20x2 is $284.250. What would sales in units have to be in 20x2 to reach the profit goal? 342500 264250 22.14725 Sales in units (Round up to zero places, ### ### units) 27,397 units 15.04 For 20x2 the selling price per lamp will be $45.00. The company would like to have a operating income equal to 26.00% of sales. If that is to be achieved, what would be the sales in units in 20x2? 342500 10.44725 Sales in units (Round up to zero places, ### ### units) 32,784 units {6.01) 5. If the company believed that it could only sell 25,000 lamps, what would the new selling price have to be so that the new contribution margin per unit is equal to last year's contribution margin per unit? New Selling Price (Round up to two places, $#*#****) 45.73 46,023 6. For 20x2 the selling price per lamp will be $45.00 and the effective tax rate is 39%. How many units must be sold to generated a operating income of $200.000 after taxes? 670368.852 22.147251 Sales in units (Round up to zero places, ##### units) 30.269 units (6.03 7. If the company believes that the demand will be 27,500 units for the year. What selling price per lamp. rounded to two places, would generate a operating income of $818,500? 1789450.62 27500 New selling price per lamp (Round up to two places, S.##) 65.08 (6.041 PART 3 Budgets Keep in mind that the budget section builds on work from the previous parts, including Part I as well as the Background Information (tabs 1-4). You should continue to use the same file with your previously submitted answers. Division N has decided to develop its budget based upon projected sales of 27,000 lamps at $47.00 per lamp The company has requested that you prepare a master budget for the year. This budget is to be used for planning and control of operations and should be composed of: 1. Production Budget 2. Materials Budget 3. Direct Labor Budget 4. Factory Overhead Budget 5. Selling and Administrative Budget 6. Cost of Goods Sold Budget 7. Budgeted Income Statement 8. Cash Budget Notes for Budgeting: The company wants to maintain the same number of units in the beginning and ending inventories of work-in-process, and electrical parts while increasing the figurines inventory to 600 pieces and increasing the finished goods by 25.00% Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods (roundup to the next unit) Total Needed Less: Beginning Inventory Total Production 17.01) 2 Materials Budget (801) 18.02) Figurines Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, S##.##) {8.03) {8.04) 18.05) {8.06 Electrical Parts Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, Sw#.##) 18.07 Lamp Shades - not inventoried they arrive from the shop next door Just-in-time. Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, S4#.##) (808 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, S.#) 18.09) 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, S##.##) Fixed Factory Overhead (8.10) Total Factory Overhead (Round to two places, S##.##) 18.113 Predetermined Factory Overhead Rate based upon the budgeted total factory OH, divided by the budgeted number of units to be produced, and then rounded to seven places. S##.##### {8.127 5 Selling and Admin. Budget Fixed Selling Variable Selling (Round to two places, $##.##) Fixed Administrative Variable Administrative (Round to two places, $##.##) Total Selling and Administrative (Round to two places. $##.##) 19.01 6 Cost of Goods Sold Budget - Assume FIFO (First-In, First Cut) and overhead is applied based on the number of units to be produced. Labor Cost Per Lamp Factory overhead per unit Total cost of one unit (Round to seven places, S.Mwa##) 19.02) Round dollars to two places, St#.## 19.03) Beginning Inventory, Finished Goods Production Costs: Materials: Figurines: Beginning Inventory Purchased Available for Use Ending Inventory of Figurines Figurines Used In Production Electrical Parts Beginning Inventory Purchased Available for Uso Ending Inventory of Electrical Parts Electrical Parts Used In Production Lamp Shades: Lamp Shades Used In Production Total Materials: Labor Overhead Cost of Goods Available Less: Ending Inventory, Finished Goods Cost of Goods Sold 19.051 19.06) 19.071 19.08) 19.091 19.101 19.111 19.121 7 Budgeted Income Statement Sales Cost of Goods Sold Gross Profit Selling Expenses & Admin Expenses Net Operating Income 10.011 8 Cash Budget Assume actual cash receipts and disbursements will follow the pattern below: (Note: Receivables and Payables of 12/31/x1 will have a cash impact in 2012.) 1. 17.00% of sales for the year are made in November and December. Since our customers have 60 day terms those funds will be collected be collected in January and February 2. 83.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay or February 3. All other manufacturing and operating costs are paid for when incurred. 4. The budgeted depreciation expense is equal to 0.6% of the foxed manufacturing, selling and administrative expenses. 5. Minimum Cash Balance needed for 20.2. S150,000 he Light Cash Budget December 31, 20x2 Round dollars to two places, SA Beginning Cash Balance Cash Inflows: Sales Collections: Account Receivable (Sales last year not collected) Sales made and collected in 20x2 Cash Available (10,021 10.03 {10,04 10:05) Cash Outflows: Purchases Accounts Payable (Purchases last year) Material purchases made and paid for in 20x2 Other Manufacturing Costs Direct Labor Total Manufacturing Overhead Selling and Administrative Less: Depreciation Total Cash Outflows [10:06 10.07 (10.08 Budgeted Cash Balance before financing Needed Minimum Balance Amount to be borrowed (if any) (10.09 Budgeted Cash Balance 10.10) 20x2 Cost Rounded to 7 Decimal Places 9 Variable Cost of making one unit next year - used to calculate the Ending Inventory of Finished Goods Material cost per unit Labor Cost Per Lamp Variable Factory overhead per unit Total variable manufacturing cost of one unit [11.01) 20x2 Cost Rounded to 2 Decimal Places 10 Budgeted Operating income Using Variable (Direct) Costing Sales (11.02) (11.03) Variable Cost of Goods Sold - Assume FIFO (First-In, First-Out) Beginning Inventory, Finished Goods (Variable Costing) Production Costs Materials: Figurines Electrical Parts Lamp Shades: Labor Variable Overhead: Total Variable Production Costs Cost of Goods Available For Sale Less: Ending Inventory, Finished Goods (Variable Costing) Variable Cost of Goods Sold Variable Selling (Round to two places, $4.9#) Variable Administrative (Round to two places. S.) Total Variable Costs Contribution Margin Fixed Costs: Fixed Manufacturing Overhead Fixed Selling Fixed Administrative Total Fixed Operating Income, Variable Costing (11.04) (11.05) (11.06) (11.07) (11.08) (11.09) (11.10) Operating Income, Absorption Operating Income, Variable Costing Excess (Absorption Costing Operating Income - Variable Costing Operating Income Budgeted Fixed Overhead Budgeted Number of Units to be Produced Budgeted Fixed Cost Per Unit (Round to 7 decimals #.#****##) (11.11) Fixed Manufacturing Overhead in the Ending Inventory Fixed Manufacturing Overhead in the Beginning Inventory Increase (Fixed Manufacturing Overhead in the Ending Inventory-Fixed Manufacturing Overhead in the Beginning Inventory) (11.12) (11.13) (11.14) bed Income Statement Ending December 31, 20x1 1.125.000 723 250 401.750 Sales 25,000 lamps 45 Cost of Goods Sold 28.93 Gross Profit Selling Expenses: Fixed Variable (Commission per unit) 3.15 Administrative Expenses Total Selling and Administrative Expenses: Net Profit 23,000 78,750 101,750 40,750 142 500 259.250 See The Light cted Balance Sheet December 31, 20x1 34.710 67,500 Current Assets Cash Accounts Receivable Inventory Raw Material Figurines Electrical Sets Work in Process Finished Goods Total Current Assets 500 9.2 500 1.25 0 3000 28.925 4.600 625 0 86.775 194.210 Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets 20,000 6,800 13.200 207,410 54.000 54,000 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 12.000 141.410 153,410 207.410 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 to current costs. The present costs to manufacture one lamp are: Figurines $9.2000000 per lamp Electrical Sets 1.25 per lamp Lamp Shade 6 per lamp Direct Labor 2.25 per lamp (4 lamps/hr.) Variable Overhead: 0.225 per lamp Fixed Overhead: 10 per lamp (based on normal capacity of 25,000 lamps) Cost per lamp: $28.9250000 per lamp Expected increases for 20x2 When calculating projected increases round to SEVEN decimal places, 50.0000000 1. Material Costs are expected to increase by 3.50% 2. Labor Costs are expected to increase by 3.00% 3. Variable Overhead is expected to increase by 2.00% 4. Fixed Overhead is expected to increase to $270,000. 5. Fixed selling expenses are expected to be $29,000 in 20x2. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 2.50% 7. Fixed Administrative expenses are expected to increase by $4,000. The total administrative expenses for 20x0 were $40.625.00, when 22,500 units were sold. Use the High-Low method to calculate the total fixed administrative expense. 8. Variable administrative expenses (measured on a per lamp basis) are expected to increase by 2.50%. The total administrative expenses for 20x0 were $40,625.00, when 22,500 units were sold. Use the High-Low method to calculate the variable administrative expense per lamp. On the following schedule develop the following figures: 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp. a 2- 20x2 Projected Variable Unit Cost per lamp. 3. 20x2 Projected Fixed Costs. I See The Light, Inc Schedule of Projected Costs Variable Manufacturing Unit Cost 20x1 Cost 9.2 1.25 Figurines Electrical Sets Lamp Shade Labor Variable Overhead Projected Percent 20x2 Cost Rounded to 7 Increase Decimal Places 3.50% $9.5220000 3.50% $1.2937500 3.50% $6.2100000 3.00% $2.3175000 2.00% $0.2295000 6 {4.01) {4.02) {4.03) {4.04) {4.05) 2.25 0.225 Projected Variable Manufacturing Cost Per Unit 18.925 $19.5727500 {4.06) Total Variable Cost Per Unit Variable Selling Variable Administrative 20x1 Variable Administrative 20x2 20x1 Cost Projected Percent 20x2 Cost Rounded to 7 Increase Decimal Places 3.151 2.50% 3.2287500 0.0500000 2.50% 0.0512500 {4.07) {4.08) 14.09) Projected Variable Manufacturing Unit Cost Projected Total Variable Cost Per Unit 19.57275 22.8527500 {4.06) 14.10) Schedule of Fixed Costs 20x1 Cost Projected Increase 20x2 Cost Rounded to 2 Decimal Places 270,000 lamps @_) 29,000 Fixed Overhead (normal capacity of Fixed Selling Fixed Administrative 20x1 Fixed Administrative 20x2 Projected Total Fixed Costs 14.12) (4.13) 39,500.00 43,500 342,500 (4.15) PART 2 Cost Volume Relationships - Profit Planning Big Al is about to begin work on the budget for 20x2 and they have requested that you prepare an analysis based on the following assumptions. Note: Remember, that we cannot sell part of a lamp, therefore to find the number of units you have to round up to the next complete unit. Furthuremore, to find the required sales in dollars it may be easier to find the number of units and then multiply by the selling price per unit. 1. For 20x2 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution margin ratio for each lamp sold? 45 22.85275 Contribution Margin per unit (Round to seven places, S#### $22.1472500 15.01) Contribution Margin Ratio (Round to seven places, is two of those places 1.41%) 49.216119 15.02 2 For 20x2 the selling price per lamp will be $45.00. How many lamps must be sold to breakeven? 342500 22.14725 Breakeven sales in units (Round up to zero places, www ww units) 15.465 units 15.03) 3. For 20x2 the selling price per lamp will be $45.00. The desired operating income in 20x2 is $284.250. What would sales in units have to be in 20x2 to reach the profit goal? 342500 264250 22.14725 Sales in units (Round up to zero places, ### ### units) 27,397 units 15.04 For 20x2 the selling price per lamp will be $45.00. The company would like to have a operating income equal to 26.00% of sales. If that is to be achieved, what would be the sales in units in 20x2? 342500 10.44725 Sales in units (Round up to zero places, ### ### units) 32,784 units {6.01) 5. If the company believed that it could only sell 25,000 lamps, what would the new selling price have to be so that the new contribution margin per unit is equal to last year's contribution margin per unit? New Selling Price (Round up to two places, $#*#****) 45.73 46,023 6. For 20x2 the selling price per lamp will be $45.00 and the effective tax rate is 39%. How many units must be sold to generated a operating income of $200.000 after taxes? 670368.852 22.147251 Sales in units (Round up to zero places, ##### units) 30.269 units (6.03 7. If the company believes that the demand will be 27,500 units for the year. What selling price per lamp. rounded to two places, would generate a operating income of $818,500? 1789450.62 27500 New selling price per lamp (Round up to two places, S.##) 65.08 (6.041 PART 3 Budgets Keep in mind that the budget section builds on work from the previous parts, including Part I as well as the Background Information (tabs 1-4). You should continue to use the same file with your previously submitted answers. Division N has decided to develop its budget based upon projected sales of 27,000 lamps at $47.00 per lamp The company has requested that you prepare a master budget for the year. This budget is to be used for planning and control of operations and should be composed of: 1. Production Budget 2. Materials Budget 3. Direct Labor Budget 4. Factory Overhead Budget 5. Selling and Administrative Budget 6. Cost of Goods Sold Budget 7. Budgeted Income Statement 8. Cash Budget Notes for Budgeting: The company wants to maintain the same number of units in the beginning and ending inventories of work-in-process, and electrical parts while increasing the figurines inventory to 600 pieces and increasing the finished goods by 25.00% Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods (roundup to the next unit) Total Needed Less: Beginning Inventory Total Production 17.01) 2 Materials Budget (801) 18.02) Figurines Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, S##.##) {8.03) {8.04) 18.05) {8.06 Electrical Parts Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, Sw#.##) 18.07 Lamp Shades - not inventoried they arrive from the shop next door Just-in-time. Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, S4#.##) (808 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, S.#) 18.09) 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, S##.##) Fixed Factory Overhead (8.10) Total Factory Overhead (Round to two places, S##.##) 18.113 Predetermined Factory Overhead Rate based upon the budgeted total factory OH, divided by the budgeted number of units to be produced, and then rounded to seven places. S##.##### {8.127 5 Selling and Admin. Budget Fixed Selling Variable Selling (Round to two places, $##.##) Fixed Administrative Variable Administrative (Round to two places, $##.##) Total Selling and Administrative (Round to two places. $##.##) 19.01 6 Cost of Goods Sold Budget - Assume FIFO (First-In, First Cut) and overhead is applied based on the number of units to be produced. Labor Cost Per Lamp Factory overhead per unit Total cost of one unit (Round to seven places, S.Mwa##) 19.02) Round dollars to two places, St#.## 19.03) Beginning Inventory, Finished Goods Production Costs: Materials: Figurines: Beginning Inventory Purchased Available for Use Ending Inventory of Figurines Figurines Used In Production Electrical Parts Beginning Inventory Purchased Available for Uso Ending Inventory of Electrical Parts Electrical Parts Used In Production Lamp Shades: Lamp Shades Used In Production Total Materials: Labor Overhead Cost of Goods Available Less: Ending Inventory, Finished Goods Cost of Goods Sold 19.051 19.06) 19.071 19.08) 19.091 19.101 19.111 19.121 7 Budgeted Income Statement Sales Cost of Goods Sold Gross Profit Selling Expenses & Admin Expenses Net Operating Income 10.011 8 Cash Budget Assume actual cash receipts and disbursements will follow the pattern below: (Note: Receivables and Payables of 12/31/x1 will have a cash impact in 2012.) 1. 17.00% of sales for the year are made in November and December. Since our customers have 60 day terms those funds will be collected be collected in January and February 2. 83.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay or February 3. All other manufacturing and operating costs are paid for when incurred. 4. The budgeted depreciation expense is equal to 0.6% of the foxed manufacturing, selling and administrative expenses. 5. Minimum Cash Balance needed for 20.2. S150,000 he Light Cash Budget December 31, 20x2 Round dollars to two places, SA Beginning Cash Balance Cash Inflows: Sales Collections: Account Receivable (Sales last year not collected) Sales made and collected in 20x2 Cash Available (10,021 10.03 {10,04 10:05) Cash Outflows: Purchases Accounts Payable (Purchases last year) Material purchases made and paid for in 20x2 Other Manufacturing Costs Direct Labor Total Manufacturing Overhead Selling and Administrative Less: Depreciation Total Cash Outflows [10:06 10.07 (10.08 Budgeted Cash Balance before financing Needed Minimum Balance Amount to be borrowed (if any) (10.09 Budgeted Cash Balance 10.10) 20x2 Cost Rounded to 7 Decimal Places 9 Variable Cost of making one unit next year - used to calculate the Ending Inventory of Finished Goods Material cost per unit Labor Cost Per Lamp Variable Factory overhead per unit Total variable manufacturing cost of one unit [11.01) 20x2 Cost Rounded to 2 Decimal Places 10 Budgeted Operating income Using Variable (Direct) Costing Sales (11.02) (11.03) Variable Cost of Goods Sold - Assume FIFO (First-In, First-Out) Beginning Inventory, Finished Goods (Variable Costing) Production Costs Materials: Figurines Electrical Parts Lamp Shades: Labor Variable Overhead: Total Variable Production Costs Cost of Goods Available For Sale Less: Ending Inventory, Finished Goods (Variable Costing) Variable Cost of Goods Sold Variable Selling (Round to two places, $4.9#) Variable Administrative (Round to two places. S.) Total Variable Costs Contribution Margin Fixed Costs: Fixed Manufacturing Overhead Fixed Selling Fixed Administrative Total Fixed Operating Income, Variable Costing (11.04) (11.05) (11.06) (11.07) (11.08) (11.09) (11.10) Operating Income, Absorption Operating Income, Variable Costing Excess (Absorption Costing Operating Income - Variable Costing Operating Income Budgeted Fixed Overhead Budgeted Number of Units to be Produced Budgeted Fixed Cost Per Unit (Round to 7 decimals #.#****##) (11.11) Fixed Manufacturing Overhead in the Ending Inventory Fixed Manufacturing Overhead in the Beginning Inventory Increase (Fixed Manufacturing Overhead in the Ending Inventory-Fixed Manufacturing Overhead in the Beginning Inventory) (11.12) (11.13) (11.14)