need help with yellow blanks

Clipboard H A E F 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 (Cormission per unit) $3.00 Administrative Expenses Fixed Variable $2.00 Total Seling and Administrative Expenses Net Profit $ 23,000.00 75,000.00 $ 98,000.00 $ 42,000.00 50.000.00 92,000.00 190,000.00 185,000.00 $ ! See The Light Projected Balance Sheet As of December 31, 20x1 $ 34,710.00 67,500.00 Current Assets Cash Accounts Receivable Inventory Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets 8.000.00 500 $18.00 0 3000 $30.00 90 000.00 200.210.00 $ Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets $ 20,000.00 6.800.00 13.200.00 $213.410.00 $ 5 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 21341000 5 2 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Predient Value AND DE Copy 3 Format Painter Alignment Font Clipboard H62 H E B 6 Unit Cost Calculations 7 8 The projected cost of a lamp is calculated based upon the projected increases or decreases to 9 current costs. The present costs to manufacture one lamp are 10 Lamp Kit $16.0000000 per lamp 22 Direct Labor 20000000 per lamp (4 lamps/hr) 23 Variable Overhead 2.0000000 per lamp 24 Fixed Overhead 10.0000000 per lamp (based on normal capacity of 25.000 lamps) 33 34 Cost per lamp $30,0000000 per lamp 35 36 Expected increases for 20x2 37 When calculating projected increases found to TWO ($0 00) decimal places 48 47 1. Material Costs are expected to increase by 6.50% 48 49 2 Labor Costs are expected to increase by 4.00% 50 59 3. Variable Overhead is expected to increase by 6.50%. 60 65 4. Fixed Overhead is expected to increase to $265.000 63 5. Fixed Administrative expenses are expected to increase to $54,000 72 79 6. Variable selling expenses (measured on a per lamp basis) are expected to increase 74 by 4.00% > 75 76 7. Fixed selling expenses are expected to be $33,000 in 2012 85 86 8. Variable administrative expenses (measured a per lamp basis) are expected to 87 increase by 2 50% BB 89 On the following schedule develop the following figures 98 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp. 99 100 2. 20x2 Projected Variable Unit Cost per lamp 101 102 3. 20x2 Projected Foxed Costs 1 2 3 4 5 6 7 8 9 10 12 13 14 15 16 18 Present Value T 111 Type here to search Fant Clipboard D53 fx 26.42 john kippley 4519 1 See The Light, Inc Schedule of Projected Costs 7 Varie Manufacturing the cost 20x Cost Projected Porcon Increase 2012 Cost Rounded to 2 Decimal Places 10 11 Lamp Kat 12 Labor 22 Variable Overhead 23 24 Projected Variable Manufacturing Cost Per Unit OS $17.04 $2.08 $2 13 1401) 14.027 14031 $21.25 (404) 37 Total Variable Cost for their 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 3.12 2.05 09 Varie Seling 40 Vaulo Administrative 30 Projected Variable Manufacturing Unit Cost 51 1405) 14061 14041 Projected Total Variable Cost Per Unit 26:42 14071 54 04 115 Schodoxed Costs 20x1 Cost 2012 Cost Projected Percent Increase 5 265,000.00 14.00 167 Food Overhead non capacity of Ned Seng ed Administrative $ 5 33 000 00 54 000 00 (409 14.10 Potild Towd Costs $ 3520000 BTUEL Marge & Con Ih copy Format Painter Clipboard Alignment 12 Font 177 D E 6 Cost Volume Relationships - Profit Planning Big Al is about to begin work on the budget for 2012 and they have requested that you prepare an analysis 8 based on the following assumptions 10 Note: Remember, that we cannot sel part of a lamp, therefore to find the number of units you have to round up to the next complete unt. 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 13 20 1. For 2012 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution 20 margin ratio for each lamp sold? 33 18 58-45-26.42 41.28889 1823/45) 100 31 32 SIR.58 15.01) 42 Contribution Margin per unit (Round to two places ) 41 29% 15.02 44 Contribution Margin Ratio (Round to four places is two of those places ) 63 2 For 2012 the selling price per lamp will be $45.00. The desired net income in 2012 is $192,500 What 54 would sales in units have to be in 20x2 to reach the profit goal? 56 36 57 54 35 66 07 29.305 units Broskeven sales in units (Since we cannot sell part of a unit round up to the next needed) {5.03 DJ For 2012 the selling price per lamp will be $45.00. If the fixed cost increase by $75,000.00 how many lamps must be sold to break even? 100 100 109 111 112 Brukava sain unitatea unoude to the needed 22.982 unit 15.04 Format Painter Font Alignment Clipboard fx E For 2012 the selling price per lamp will be 545.00. If the variable cost increase by $750 a unit how many lamps must be sold to breakeven? 31,769 units 18.01 Breakeven sales in units (Since we cannot so part of a unit round up to the next und if needed) For 20x2 the selling price per lamp will be $45.00. If the variable cost decreased by $7.50 a unit how many lamps must be sold to breakeven? 13.497 units Breakeven sales in units (Since we cannot part of a unit round up to the next unit of needed) 15.02 it for 2012 the selling price per lamp is increased to $52.50 a unit how many lamps must be sold to breakeven? Breskoven sales in units (Since we cannot so part of a unit round up to the naturst if needed) 13,497 units 16.08 7 If for 2012 the selling price per lamp is decreased to $37.50 a unit how many lamps must be sold to breakeven? Grosven sales in units Cance we cannot be part of und wo to the unit if onded) 31769 units 16.04 LLCopy 3 Format Painter A Murgie & Co Clipboard Alignment Font a fo 35000 PART 3 Budgets Division N has decided to develop its budget based upon projected sales of 36,000 lamps at 550.00 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 inventory of Lamp Kits to 650 pieces and decreasing the finished goods by 20% Complete the following budgets 1 Production Budget Planned Sales Desired Ending Invertory of Finished Goods Total Needed Laos Beginning Inventory 35000 2400 37400 -3000 Total Production 34,400 units 17.01 Data Review View Developer 2. Wrap Text Insert Home Draw Formulas Page Layout X cut MS Sans Serif 10 In copy 3 Format Painter Font Clipboard 265000 Mergo & Center Alignment B E A nippley 89 2 Materials Budget Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places. Sh**) 34 400 units 650 units 35 050 units 500 units 34550 17.04 588 732.00 $ $ 3 Direct Labor Budget $ 2.08 Labor Cost Per Lamp Production Total Labor Cost (Round to two places. SW.#) S 71.552.00 4 Eactory Overhead Budget $ Variable Factory Overhead Vanable Factory Overhead Cost Per Unit Number of Units to be produced Total Variable Factory Overhead (Round to two places S## ##) Fixed Factory Overhead Total Factory Overhead (Round to two places, S# ## 2.1300000 34.400 units 73,272.00 265.000.00 S s $ 338 272.00 & A El Mare de Center Lg Copy Format Painter Clipboard Font Alignment 88 fx C 4 Factory Overhead Budget Overhead Allocation rate based on 1 Number of Units Total Factory Overhead / Number of Units Round to two places, San 59.83 19.011 16 has to be wrong 5 Costaking one wat next year Cost of one Lamp Kit Labor Cost Per Lamp Factory Overhead per unit 17.04 $208 9.83 19.02 28.95 19.000 Total cost of one unit {Round to two places. So 6 Selling and Admin Budget 33000 $109.200,00 19.04 54000 71.750.00 9.05 267.950.00 19.06 5 $ add the 34 above Fred Seling Variable Selling (Round to two places. $. Fleed Administrative Variable Administrative (Round to two places. Sama) Total Selling and Administrative (Round to two places. S.) Cost of Goods Sold Budget- Beginning Inventory. Finished Goods Production Costs Materials Lamp Kits: Beginning inventory Purchased Available for Use Ending Inventory of Lamp Kits Lamp Kits Used in Production Round dollars to two places. Se $ 90,000.00 19.07 90000 588732 35050 650 34400 650*17.04 $ 11.075.00 19.08 36400 NEED THIS NUMBER b Total Materials Labor Overhead Cool of Goods Available Loss Ending Inventory. Finished Goods Cost of Goods Sold 34400-17.04 34400" 2 08 34400-9.83 laubte 5 5 71.552.00 338.222.00 C 1908 19.10 1911) 19.12 9.131 19.14 [Copy 81 10 191 Merge Center 3 Format Painter Clipboard Alignment 10 Font 34 ABC D B Cash Bucket 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 20x2) 1. 18.00% 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. 89.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay or February 3. Al other manufacturing and operating costs are paid for when incurred 4. The budgeted depreciation expense is equal to 0.6% of the fixed manufacturing, selling and administrative expenses 5. Minimum Cash Balance needed for 20x2, $195,000 1 See The Light Projected Cash Budget For the Year Ending December 31, 20x2 Round doilar to two places, $ 34 710 000 Beginning Cash Balance Cash Intlows Sales Cotections Account Receivable (Sales last year not collected) Sales made and colected in 20x2 Cash Available same $ 67 500.00 (100 10.00 10.0 -4 54000 58873289 [100 Cash Outflows Purchases Accounts Payable (Purchases last year) Purchases made and paid for in 20x2 Other Manufacturing Costs Direct Labor Total Manufacturing Overhead Selling and Administrative Less Depreciation Total Cash Outflows 71552 5 17 35 265000 33000 54000 (10.00 10.07 Budgeted Cash Balance before financing Reeded Minimum Balance 10.00 10.08 and 10.1 are same Amount to be borrowed of any) (10.09 Budgeted Cash Balance (10 10 00 01 02 03 04 00 100 107 105 200 2 5 8 9 10 11 12 13 14 15 16 17 18 Present Value Table Clipboard H A E F 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 (Cormission per unit) $3.00 Administrative Expenses Fixed Variable $2.00 Total Seling and Administrative Expenses Net Profit $ 23,000.00 75,000.00 $ 98,000.00 $ 42,000.00 50.000.00 92,000.00 190,000.00 185,000.00 $ ! See The Light Projected Balance Sheet As of December 31, 20x1 $ 34,710.00 67,500.00 Current Assets Cash Accounts Receivable Inventory Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets 8.000.00 500 $18.00 0 3000 $30.00 90 000.00 200.210.00 $ Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets $ 20,000.00 6.800.00 13.200.00 $213.410.00 $ 5 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 21341000 5 2 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Predient Value AND DE Copy 3 Format Painter Alignment Font Clipboard H62 H E B 6 Unit Cost Calculations 7 8 The projected cost of a lamp is calculated based upon the projected increases or decreases to 9 current costs. The present costs to manufacture one lamp are 10 Lamp Kit $16.0000000 per lamp 22 Direct Labor 20000000 per lamp (4 lamps/hr) 23 Variable Overhead 2.0000000 per lamp 24 Fixed Overhead 10.0000000 per lamp (based on normal capacity of 25.000 lamps) 33 34 Cost per lamp $30,0000000 per lamp 35 36 Expected increases for 20x2 37 When calculating projected increases found to TWO ($0 00) decimal places 48 47 1. Material Costs are expected to increase by 6.50% 48 49 2 Labor Costs are expected to increase by 4.00% 50 59 3. Variable Overhead is expected to increase by 6.50%. 60 65 4. Fixed Overhead is expected to increase to $265.000 63 5. Fixed Administrative expenses are expected to increase to $54,000 72 79 6. Variable selling expenses (measured on a per lamp basis) are expected to increase 74 by 4.00% > 75 76 7. Fixed selling expenses are expected to be $33,000 in 2012 85 86 8. Variable administrative expenses (measured a per lamp basis) are expected to 87 increase by 2 50% BB 89 On the following schedule develop the following figures 98 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp. 99 100 2. 20x2 Projected Variable Unit Cost per lamp 101 102 3. 20x2 Projected Foxed Costs 1 2 3 4 5 6 7 8 9 10 12 13 14 15 16 18 Present Value T 111 Type here to search Fant Clipboard D53 fx 26.42 john kippley 4519 1 See The Light, Inc Schedule of Projected Costs 7 Varie Manufacturing the cost 20x Cost Projected Porcon Increase 2012 Cost Rounded to 2 Decimal Places 10 11 Lamp Kat 12 Labor 22 Variable Overhead 23 24 Projected Variable Manufacturing Cost Per Unit OS $17.04 $2.08 $2 13 1401) 14.027 14031 $21.25 (404) 37 Total Variable Cost for their 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 3.12 2.05 09 Varie Seling 40 Vaulo Administrative 30 Projected Variable Manufacturing Unit Cost 51 1405) 14061 14041 Projected Total Variable Cost Per Unit 26:42 14071 54 04 115 Schodoxed Costs 20x1 Cost 2012 Cost Projected Percent Increase 5 265,000.00 14.00 167 Food Overhead non capacity of Ned Seng ed Administrative $ 5 33 000 00 54 000 00 (409 14.10 Potild Towd Costs $ 3520000 BTUEL Marge & Con Ih copy Format Painter Clipboard Alignment 12 Font 177 D E 6 Cost Volume Relationships - Profit Planning Big Al is about to begin work on the budget for 2012 and they have requested that you prepare an analysis 8 based on the following assumptions 10 Note: Remember, that we cannot sel part of a lamp, therefore to find the number of units you have to round up to the next complete unt. 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 13 20 1. For 2012 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution 20 margin ratio for each lamp sold? 33 18 58-45-26.42 41.28889 1823/45) 100 31 32 SIR.58 15.01) 42 Contribution Margin per unit (Round to two places ) 41 29% 15.02 44 Contribution Margin Ratio (Round to four places is two of those places ) 63 2 For 2012 the selling price per lamp will be $45.00. The desired net income in 2012 is $192,500 What 54 would sales in units have to be in 20x2 to reach the profit goal? 56 36 57 54 35 66 07 29.305 units Broskeven sales in units (Since we cannot sell part of a unit round up to the next needed) {5.03 DJ For 2012 the selling price per lamp will be $45.00. If the fixed cost increase by $75,000.00 how many lamps must be sold to break even? 100 100 109 111 112 Brukava sain unitatea unoude to the needed 22.982 unit 15.04 Format Painter Font Alignment Clipboard fx E For 2012 the selling price per lamp will be 545.00. If the variable cost increase by $750 a unit how many lamps must be sold to breakeven? 31,769 units 18.01 Breakeven sales in units (Since we cannot so part of a unit round up to the next und if needed) For 20x2 the selling price per lamp will be $45.00. If the variable cost decreased by $7.50 a unit how many lamps must be sold to breakeven? 13.497 units Breakeven sales in units (Since we cannot part of a unit round up to the next unit of needed) 15.02 it for 2012 the selling price per lamp is increased to $52.50 a unit how many lamps must be sold to breakeven? Breskoven sales in units (Since we cannot so part of a unit round up to the naturst if needed) 13,497 units 16.08 7 If for 2012 the selling price per lamp is decreased to $37.50 a unit how many lamps must be sold to breakeven? Grosven sales in units Cance we cannot be part of und wo to the unit if onded) 31769 units 16.04 LLCopy 3 Format Painter A Murgie & Co Clipboard Alignment Font a fo 35000 PART 3 Budgets Division N has decided to develop its budget based upon projected sales of 36,000 lamps at 550.00 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 inventory of Lamp Kits to 650 pieces and decreasing the finished goods by 20% Complete the following budgets 1 Production Budget Planned Sales Desired Ending Invertory of Finished Goods Total Needed Laos Beginning Inventory 35000 2400 37400 -3000 Total Production 34,400 units 17.01 Data Review View Developer 2. Wrap Text Insert Home Draw Formulas Page Layout X cut MS Sans Serif 10 In copy 3 Format Painter Font Clipboard 265000 Mergo & Center Alignment B E A nippley 89 2 Materials Budget Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places. Sh**) 34 400 units 650 units 35 050 units 500 units 34550 17.04 588 732.00 $ $ 3 Direct Labor Budget $ 2.08 Labor Cost Per Lamp Production Total Labor Cost (Round to two places. SW.#) S 71.552.00 4 Eactory Overhead Budget $ Variable Factory Overhead Vanable Factory Overhead Cost Per Unit Number of Units to be produced Total Variable Factory Overhead (Round to two places S## ##) Fixed Factory Overhead Total Factory Overhead (Round to two places, S# ## 2.1300000 34.400 units 73,272.00 265.000.00 S s $ 338 272.00 & A El Mare de Center Lg Copy Format Painter Clipboard Font Alignment 88 fx C 4 Factory Overhead Budget Overhead Allocation rate based on 1 Number of Units Total Factory Overhead / Number of Units Round to two places, San 59.83 19.011 16 has to be wrong 5 Costaking one wat next year Cost of one Lamp Kit Labor Cost Per Lamp Factory Overhead per unit 17.04 $208 9.83 19.02 28.95 19.000 Total cost of one unit {Round to two places. So 6 Selling and Admin Budget 33000 $109.200,00 19.04 54000 71.750.00 9.05 267.950.00 19.06 5 $ add the 34 above Fred Seling Variable Selling (Round to two places. $. Fleed Administrative Variable Administrative (Round to two places. Sama) Total Selling and Administrative (Round to two places. S.) Cost of Goods Sold Budget- Beginning Inventory. Finished Goods Production Costs Materials Lamp Kits: Beginning inventory Purchased Available for Use Ending Inventory of Lamp Kits Lamp Kits Used in Production Round dollars to two places. Se $ 90,000.00 19.07 90000 588732 35050 650 34400 650*17.04 $ 11.075.00 19.08 36400 NEED THIS NUMBER b Total Materials Labor Overhead Cool of Goods Available Loss Ending Inventory. Finished Goods Cost of Goods Sold 34400-17.04 34400" 2 08 34400-9.83 laubte 5 5 71.552.00 338.222.00 C 1908 19.10 1911) 19.12 9.131 19.14 [Copy 81 10 191 Merge Center 3 Format Painter Clipboard Alignment 10 Font 34 ABC D B Cash Bucket 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 20x2) 1. 18.00% 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. 89.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay or February 3. Al other manufacturing and operating costs are paid for when incurred 4. The budgeted depreciation expense is equal to 0.6% of the fixed manufacturing, selling and administrative expenses 5. Minimum Cash Balance needed for 20x2, $195,000 1 See The Light Projected Cash Budget For the Year Ending December 31, 20x2 Round doilar to two places, $ 34 710 000 Beginning Cash Balance Cash Intlows Sales Cotections Account Receivable (Sales last year not collected) Sales made and colected in 20x2 Cash Available same $ 67 500.00 (100 10.00 10.0 -4 54000 58873289 [100 Cash Outflows Purchases Accounts Payable (Purchases last year) Purchases made and paid for in 20x2 Other Manufacturing Costs Direct Labor Total Manufacturing Overhead Selling and Administrative Less Depreciation Total Cash Outflows 71552 5 17 35 265000 33000 54000 (10.00 10.07 Budgeted Cash Balance before financing Reeded Minimum Balance 10.00 10.08 and 10.1 are same Amount to be borrowed of any) (10.09 Budgeted Cash Balance (10 10 00 01 02 03 04 00 100 107 105 200 2 5 8 9 10 11 12 13 14 15 16 17 18 Present Value Table