only need yellow spots answered please questions 4-7

I See The Light For the Period Ending December 31, 20xt $ 1.125.000.00 723,250.00 S 401,750.00 25.000 lamps $45.00 Cost of Goods Sold Gross Profit $2893 5 23.000 00 (Commission per unit) @ $3 15 78,750.00 $101,750 00 Administrative $ 42.000.00 43145 250 00 Expenses 009 1,00 00 4360000 56500- I See The Light Projected Balance Sheet As of December 31, 20x1 Current Assets Receivable $ 34,710.00 67,500.00 Raw Material 4,600.00 500 $9.20 500 $1.25 Electrical Sets Work in Process Finished Goods 86,790.00 $194,225.00 3000 $28.93 Total Current Assets Fixed Assets 20,000.00 6,800.00 13,200.00 $ 207.425.00 Total Fixed Assets Total Assets Current Liabilities Accounts Payable Total Liabilities $ 54,000.00 $ 54,000.00 Common Stock Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders Equity $ 12,000.00 141,425.00 153,425.00 207,425 00 britany co 4. For 20x2 the selling price per lamp will be $45.00. The company would like to have a net income equal to29 00% of sales if that 's to be achieved, what would be the sales in units in 2002? sales in units (Round up to zero places #wowaw units) 6.01) If the company believed that it could only sell 25,000 lamps, what would the new selling price have to be contribution margin per unit is equal to last year's contribution margin per unit? 5 6.02 New Selling Price (Round up to two places, smm.### ## ) 6. For 20x2 the selling price per lamp will be $45.00. How many units must be sold to generated a net income of $260,0002 6.03) Sales in units (Round up to zero places. ###### units) 7. If the company believes that the demand will be 27,500 units for the year. What selling price r lamp, rounded to two would generate a net income of $823,5002 6.04) New selling price per lamp (Round up to two places. S###,### ## ) Page 3 brittany olott se0s PART 1 xed and Variable Cost Determinations arvel Fi Unit Cost Calculations the oroiected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are s9 2000000 per lamp Electrical Sets Lamp Shade Direct Labor Variable Overhead Fixed Overhead: 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) Cost 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 500% 2. Labor Costs are expected to increase by 6.00%. 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. 6. 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