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I See The Light Projected income statement For the Perlod Ending December 31, 20x1 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: \begin{tabular}{lrl|} Figurines & $9.2000000 & per lamp \\ Electrical Sets & 1.2500000 & per lamp \\ Lamp Shade & 6.0000000 & per lamp \\ Direct Labor: & 2.2500000 & per lamp (4 lamps/hr.) \\ Variable Overhead: & 0.2250000 & per lamp \\ Fixed Overhead: & 10.0000000 & per lamp (based on normal capacity of 25.000 lamps) \end{tabular} Cost per lamp: $28.9250000 per lamp Expected increases for 202 When calculating projected increases round to SEVEN decimal places, $0.0000000. 1. Material Costs are expected to increase by 5.50%. 2. Labor Costs are expected to increase by 3.00%. 3. Variable Overhead is expected to increase by 5.50%. 4. Fixed Overhead is expected to increase to $260,000. 5. Fixed selling expenses are expected to be $31,000 in 202. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.00%. 7. Fixed Administrative expenses are expected to increase by $12,000. The total administrative expenses for 200 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 3.00%. The total administrative expenses for 200 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. 202 Projected Variable Manufacturing Unit Cost of a lamp. 2. 202 Projected Variable Unit Cost per lamp. 3. 202 Projected Fixed Costs. Variable Manufacturing Unit Cost