need the blank yellow spots answered. please specify which answer is which and round correctly according to question thankyou

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 based on the following assumptions Note: Remember, that we cannot sell part of a lamp, therefore to find the number up to the next complete unit. Furthuremore, to find the required sales in number of units and then multiply by the selling price per unit prepare an analysis of units you have to round dollars it may be easier to find the 1. For 20x2 the selling price per lamp will be $45.00. What is the projected contribution ma and contribution margin ratio for each lamp sold? Contribution Margin per unit (Round to seven places. S## #######) 21 18322 (5.01) Contribution Margin Ratio (Round to seven places% is two of those places (5.02) 2. For 20x2 the seling price per lamp will be $4500. How many lamps must be sold to breakeven? Breakeven sales in units (Round up to zero places, ### ### units (5.03) 3. For 20x2 the selling price per lamp will be $45.00. The desired net income in 20x2 is $264,000. What would sales in units have to be in 20x2 to reach the proft goal Sales in units (Round up to zero places, ttatt# units) (5.04) ciott 8895 4. For 20x2 the selling price per lamp will be $45.00. The company would like to have a net income equal to 29.00% of sales. If that is to be achieved what would be the sales in units in 202? (6.01) Sales in units (Round up to zero places. ###,### units) 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 years contribution margin (6.02) New Selling Price (Round up to two places. S###### ## ) 6. For 20x2 the selling price per lamp will be $45.00. How many units must be sold to generated a net income of $260,000? 6.03) sales in units (Round up to zero places. ##### units) that the demand will be 27,500 units for the year. What selling price a net income of $823,500? rounded to two places, would New selling proe per lamp (Round up to two places. S### #####) (6.04) Page 2 I See The Light Projected Income Statement For the Period Ending December 31, 20x1 25,000 lamps $45.00 @ $28.93 $1,125,000.00 723,250.00 401,750.00 Cost of Goods Sold Gross Profit Selling Expenses: $ 23,000.00 Fixed Variable $3.15 78,750.00 $101,750.00 (Commission per unit) Administrative Expenses: $42,000.00 Fixed Variable 1,500.00 43,50_ 14525000 e pen 256,.500.00 Net Profit I See The Light Projected Balance Sheet As of December 31, 20x1 Current Assets $34,710.00 67,500.00 Accounts Receivable Inventory Raw Material 500 $9.20 500 $1.25 4,600.00 625.00 Figurines Electrical Sets Work in Process Finished Goods Total Current Assets 3000 @ $28.93 86,790.00 $ 194,225.00 Fixed Assets 20,000.00 6,800.00 Accumulated Depreciation Total Fixed Assets 13,200.00 $ 207,425.00 Total Assets Current Liabilities $ 54,000.00 $ 54,000.00 Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings 12,000.00 141,425.00 Total Stockholder's Equity Total Liabilities and Stockholder's Equity 5 153,425.00 207.425 00 8895 PART 1 Fixed and Variable Cost Determinations Unit Cost Calculations The projected cost of a lamp is calculated based upon the projected increases or current costs. The present costs to manufacture one lamp are: decreases to Figurines Electrical Sets Lamp Shade Direct Labor $9.2000000 per lamp 1.2500000 per lamp 6.0000000 per lamp 2.2500000 per lamp (4 lamps/hr.) 0.2250000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) Fixed Overhead: Cost per lamp: $28.9250000 per lamp Expected increases for 20x2 When calculating projected increases round to SEVEN decimal places, $0.0000000 1 Material Costs are expected to increase by 5 00% 2. Labor Costs are expected to increase by 600% 3. Variable Overhead is expected to increase by 4 50%. 4. Fixed Overhead is expected to increase to $285,000. 5. Fixed Administrative expenses are expected to increase to $60,000. s. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.50%. 7. Fixed selling expenses are expected to be $37,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 6.50% 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. 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 based on the following assumptions Note: Remember, that we cannot sell part of a lamp, therefore to find the number up to the next complete unit. Furthuremore, to find the required sales in number of units and then multiply by the selling price per unit prepare an analysis of units you have to round dollars it may be easier to find the 1. For 20x2 the selling price per lamp will be $45.00. What is the projected contribution ma and contribution margin ratio for each lamp sold? Contribution Margin per unit (Round to seven places. S## #######) 21 18322 (5.01) Contribution Margin Ratio (Round to seven places% is two of those places (5.02) 2. For 20x2 the seling price per lamp will be $4500. How many lamps must be sold to breakeven? Breakeven sales in units (Round up to zero places, ### ### units (5.03) 3. For 20x2 the selling price per lamp will be $45.00. The desired net income in 20x2 is $264,000. What would sales in units have to be in 20x2 to reach the proft goal Sales in units (Round up to zero places, ttatt# units) (5.04) ciott 8895 4. For 20x2 the selling price per lamp will be $45.00. The company would like to have a net income equal to 29.00% of sales. If that is to be achieved what would be the sales in units in 202? (6.01) Sales in units (Round up to zero places. ###,### units) 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 years contribution margin (6.02) New Selling Price (Round up to two places. S###### ## ) 6. For 20x2 the selling price per lamp will be $45.00. How many units must be sold to generated a net income of $260,000? 6.03) sales in units (Round up to zero places. ##### units) that the demand will be 27,500 units for the year. What selling price a net income of $823,500? rounded to two places, would New selling proe per lamp (Round up to two places. S### #####) (6.04) Page 2 I See The Light Projected Income Statement For the Period Ending December 31, 20x1 25,000 lamps $45.00 @ $28.93 $1,125,000.00 723,250.00 401,750.00 Cost of Goods Sold Gross Profit Selling Expenses: $ 23,000.00 Fixed Variable $3.15 78,750.00 $101,750.00 (Commission per unit) Administrative Expenses: $42,000.00 Fixed Variable 1,500.00 43,50_ 14525000 e pen 256,.500.00 Net Profit I See The Light Projected Balance Sheet As of December 31, 20x1 Current Assets $34,710.00 67,500.00 Accounts Receivable Inventory Raw Material 500 $9.20 500 $1.25 4,600.00 625.00 Figurines Electrical Sets Work in Process Finished Goods Total Current Assets 3000 @ $28.93 86,790.00 $ 194,225.00 Fixed Assets 20,000.00 6,800.00 Accumulated Depreciation Total Fixed Assets 13,200.00 $ 207,425.00 Total Assets Current Liabilities $ 54,000.00 $ 54,000.00 Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings 12,000.00 141,425.00 Total Stockholder's Equity Total Liabilities and Stockholder's Equity 5 153,425.00 207.425 00 8895 PART 1 Fixed and Variable Cost Determinations Unit Cost Calculations The projected cost of a lamp is calculated based upon the projected increases or current costs. The present costs to manufacture one lamp are: decreases to Figurines Electrical Sets Lamp Shade Direct Labor $9.2000000 per lamp 1.2500000 per lamp 6.0000000 per lamp 2.2500000 per lamp (4 lamps/hr.) 0.2250000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) Fixed Overhead: Cost per lamp: $28.9250000 per lamp Expected increases for 20x2 When calculating projected increases round to SEVEN decimal places, $0.0000000 1 Material Costs are expected to increase by 5 00% 2. Labor Costs are expected to increase by 600% 3. Variable Overhead is expected to increase by 4 50%. 4. Fixed Overhead is expected to increase to $285,000. 5. Fixed Administrative expenses are expected to increase to $60,000. s. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.50%. 7. Fixed selling expenses are expected to be $37,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 6.50% 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