please help me wih part one only need yellow highlighted answers
Schedule of Projected Costs Variable Manufacturing Unt Cost 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places Lamp K Labor 5 Variable Overhead (4.01) (4.02) (4.03) (4.04) 7 Projected Variable Manufacturing Cost Per Unit 8 21 22 23 Total Variable Cost Per Unt 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places (4.05) (4.06) (4.04) 124 25 Variable Seling 28 Variable Administrative 29 Projected Variable Manufacturing Unit Cost 30 31 32 Projectad Total Variable Cost Per Unit 35 36 37 38 Schedule of Fixed Costs (4.07) 20x1 Cost 2012 Cost Projected Percent Increase 2% lamps @_) (408) 30 42 Fixed Overhead 43 (nomal capacity of 44 Fixed Selling 45 Food Administrative 46 49 Projected Total Fixed Costs 50 51 (4.09) 14.10) (4.11) 2 3 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: Lamp Kit Direct Labor Variable Overhead: Fored Overhead: $16.0000000 per lamp 2.0000000 per lamp (4 lamps/hr.) 2.0000000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) Cost pet lamp: $30.0000000 per lamp Expected increases for 20x2 When calculating projected Increases round to TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 5.50%. 2. Labor Costs are expected to increase by 6.00%. 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 $62,000. 6. Variable seling expenses (measured on a per lamp basis) are expected to increase by 4.50%. 7. Fixed selling expenses are expected to be $35,000 in 20x2. 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 Vanable Unit Cost per lamp 3- 20x2 Projected Fixed Costs 1 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 @ $16.00 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 $ 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 $ 213.410.00 1 See The Light 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 Selling Expenses: Fixed Vanable (Commission per unit) $3.00 Administrative Expenses: Fixed Variable @ $2.00 Total Selling 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
