Please fill in yellow cells.

Profit Planning Big Al is about to begin work on the budget for 202 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. For 202 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution marnin ratio for aach lamn sold? Contribution Margin Ratio (Round to four places, \% is two of those places \#\#.\#\#) For 202 the selling price per lamp will be $45.00. The desired net income in 202 is $207,500. What would sales in units have to be in 202 to reach the profit goal? For 202 the selling price per lamp will be $45.00. If the fixed cost increase by $35,000.00 how many lamps miet ha enlit th hrakavian? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) For 202 the selling price per lamp will be $45.00. If the variable cost increase by $3.50 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) For 202 the selling price per lamp will be $45.00. If the variable cost decreased by $3.50 a unit how many lamps must be sold to breakeven? If for 202 the selling price per lamp is increased to $48.50 a unit how many lamps must be sold If for 202 the selling price per lamp is decreased to $41.50 a unit how many lamps must be sold Sales Cost of Goods Sold Gross Profit Selling Expenses: Fixed Variable Administrative Expenses: Fixed Variable Total Selling and Administrative Expenses: Net Profit 25,000 lamps @ $45.00 (Q) $30.00 (Commission per unit) @\$3.00 @ $2.00 $42,000.00 $23,000.00 75,000.00 $42,000.00 50,000.00 $98,000.00 $1,125,000.00 750,000.00 $375,000.00 I See The Light Projected Balance Sheet As of December 31, 20x1 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 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity $34,710.00 67,500.00 500@$16.00 0 3000@$30.00 \begin{tabular}{rr} & 190,000.00 \\ \hline$185,000.00 \\ \hline \hline \end{tabular} $20,000.00 8,000.00 90,000.00$200,210.00 6,800.00 13,200.00$213,410.00 \begin{tabular}{cr} $ & 54,000.00 \\ \hline$ & 54,000.00 \end{tabular} $12,000.00 147,410.00 \begin{tabular}{rr} 159,410.00 \\ \hline$213,410.00 \\ \hline \hline \end{tabular} The projected cost of a lamp is calculated based upon the projected increases or decreases to surrent costs. The present costs to manufacture one lamp are: Expected increases for 202 Vhen calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 2.50%. 2. Labor Costs are expected to increase by 3.50%. 3. Variable Overhead is expected to increase by 5.00%. 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 4.00%. 7. Fixed selling expenses are expected to be $25,000 in 202. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 6.00%. 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. Variable Manufacturing Unit Cost Lamp Kit Labor Variable Overhead Projected Variable Manufacturing Cost Per Unit Total Vaniable Cost Per Unit Projected Total Variable Cost Per Unit Schedule of Fixed Costs Fixed Overhead (normal capacity of lamps @_ ) Fixed Selling Fixed Administrative Projected Total Fixed Costs 201 Cost Projected Percent 202 Cost Rounded to 2 Increase Decimal Places \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} {4.01} {4.02} \{4.03\} {4.04} Projected Percent Increase \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \multirow{2}{*}{} \\ \hline & & \\ \hline & & \\ \hline \end{tabular} {4.05} {4.06} {4.04} \{4.07\} 201 Cost Projected Percent Increase \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} 202 Cost \{4.08\} \{4.09\} \{4.10\} \{4.11\} Profit Planning Big Al is about to begin work on the budget for 202 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. For 202 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution marnin ratio for aach lamn sold? Contribution Margin Ratio (Round to four places, \% is two of those places \#\#.\#\#) For 202 the selling price per lamp will be $45.00. The desired net income in 202 is $207,500. What would sales in units have to be in 202 to reach the profit goal? For 202 the selling price per lamp will be $45.00. If the fixed cost increase by $35,000.00 how many lamps miet ha enlit th hrakavian? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) For 202 the selling price per lamp will be $45.00. If the variable cost increase by $3.50 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) For 202 the selling price per lamp will be $45.00. If the variable cost decreased by $3.50 a unit how many lamps must be sold to breakeven? If for 202 the selling price per lamp is increased to $48.50 a unit how many lamps must be sold If for 202 the selling price per lamp is decreased to $41.50 a unit how many lamps must be sold Sales Cost of Goods Sold Gross Profit Selling Expenses: Fixed Variable Administrative Expenses: Fixed Variable Total Selling and Administrative Expenses: Net Profit 25,000 lamps @ $45.00 (Q) $30.00 (Commission per unit) @\$3.00 @ $2.00 $42,000.00 $23,000.00 75,000.00 $42,000.00 50,000.00 $98,000.00 $1,125,000.00 750,000.00 $375,000.00 I See The Light Projected Balance Sheet As of December 31, 20x1 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 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity $34,710.00 67,500.00 500@$16.00 0 3000@$30.00 \begin{tabular}{rr} & 190,000.00 \\ \hline$185,000.00 \\ \hline \hline \end{tabular} $20,000.00 8,000.00 90,000.00$200,210.00 6,800.00 13,200.00$213,410.00 \begin{tabular}{cr} $ & 54,000.00 \\ \hline$ & 54,000.00 \end{tabular} $12,000.00 147,410.00 \begin{tabular}{rr} 159,410.00 \\ \hline$213,410.00 \\ \hline \hline \end{tabular} The projected cost of a lamp is calculated based upon the projected increases or decreases to surrent costs. The present costs to manufacture one lamp are: Expected increases for 202 Vhen calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 2.50%. 2. Labor Costs are expected to increase by 3.50%. 3. Variable Overhead is expected to increase by 5.00%. 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 4.00%. 7. Fixed selling expenses are expected to be $25,000 in 202. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 6.00%. 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. Variable Manufacturing Unit Cost Lamp Kit Labor Variable Overhead Projected Variable Manufacturing Cost Per Unit Total Vaniable Cost Per Unit Projected Total Variable Cost Per Unit Schedule of Fixed Costs Fixed Overhead (normal capacity of lamps @_ ) Fixed Selling Fixed Administrative Projected Total Fixed Costs 201 Cost Projected Percent 202 Cost Rounded to 2 Increase Decimal Places \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} {4.01} {4.02} \{4.03\} {4.04} Projected Percent Increase \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \multirow{2}{*}{} \\ \hline & & \\ \hline & & \\ \hline \end{tabular} {4.05} {4.06} {4.04} \{4.07\} 201 Cost Projected Percent Increase \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} 202 Cost \{4.08\} \{4.09\} \{4.10\} \{4.11\}