please help solve the blank yellow boxes. thank you!!!!!!!

I See The Light Projected Income Statement For the Period Ending December 31, 20x1 $ 1,125,000.00 723,250.00 $ 401,750.00 Sales 25,000 lamps @ $45.00 Cost of Goods Sold @ $28.93 Gross Profit Selling Expenses: Fixed Variable (Commission per unit) @ $3.15 Administrative Expenses Total Selling and Administrative Expenses: Net Profit $ 23,000.00 78,750.00 $ 101,750.00 40,750.00 142,500.00 $ 259,250.00 I See The Light Projected Balance Sheet As of December 31, 20x1 $ 34,710.00 67,500.00 4,600.00 625.00 Current Assets Cash Accounts Receivable Inventory Raw Material Figurines Electrical Sets Work In Process Finished Goods Total Current Assets Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets 500 @ $9.20 500 @ $1.25 0 3000 @ $28.9250 86,775.00 194,210.00 $ $ 20,000.00 6,800.00 13,200.00 S. 207.410.00 $ S 54,000.00 54,000.00 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Eamings Total Stockholder's Equity Total Llabilities and Stockholder's Equity $ 12,000.00 141,410.00 153,410.00 207,410.00 $ 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: Figurines Electrical Sets Lamp Shade Direct Labor Variable Overhead: Fixed Overhead: $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) Cost per lamp: $28.9250000 per lamp 2 Expected increases for 20x2 When calculating projected increases round to SEVEN decimal places,$0.0000000. 1. Material Costs are expected to increase by 3.00%. 2. Labor Costs are expected to increase by 3.00%. 5 3. Variable Overhead is expected to increase by 3.50%. 4. Fixed Overhead is expected to increase to $260,000. 5. Fixed selling expenses are expected to be $39,000 in 20x2. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.50%. 4 5 6 3 4 5 6 7 4 5 "6 -7 "8 7. Fixed Administrative expenses are expected to increase by $2,000. The total administrative expenses for 20x0 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 5.00%. The total administrative expenses for 20x0 were $40,625.00, when 22,500 units were sold. Use the High-Low method to calculate the variable administrative expense per lamp. No O C Variable Manufacturing Unit Cost 20x1 Cost 20x2 Cost Rounded to 7 Decimal Places 9.2 Projected Percent Increase 3% 3% 3% 3% 4% Figurines Electrical Sets Lamp Shade Labor Variable Overhead 1.25 6 2.25 0.225 $9.4760000 $1.2875000 $6.1800000 $2.3175000 $0.2328750 {4.01) (4.02) (4.03) {4.04) (4.05) Projected Variable Manufacturing Cost Per Unit 18.925 $19.4938750 {4.06) Total Variable Cost Per Unit 20x 1 Cost Projected Percent Increase 3.50% 20x2 Cost Rounded to 7 Decimal Places 3.2602500 Variable Selling Variable Administrative 20x1 Variable Administrative 20x2 3.15 0.0500000 (4.07) (4.08) (4.09) 3.3102500 Projected Variable Manufacturing Unit Cost Projected Total Variable Cost Per Unit 18.925 22.135 $19.49 (4.06) 26.0643750 {4.10) Schedule of Fixed Costs 20x1 Cost Projected Increase 20x2 Cost Rounded to 2 Decimal Places $ 269,100.00 260,000 25000 lamps @ 10 (4.11) faros @_) Fixed Overhead (normal capacity of Fixed Seling Fixed Administrative 20x1 Fixed Administrative 20x2 Projected Total Fixed Costs 3.50% $ 39,000.00 39,500.00 $ $ (4.12) {4.13) {4.14) (4.15) 41,500.00 349,600.00 8 Cash Budget Assume actual cash receipts and disbursements will follow the pattem below (Note: Receivables and Payables of 12/31/X1 will have a cash impact in 20x2.) 1. 20.00% of sales for the year are made in November and December. Since our customers have 60 day terms those funds will be collected be collected in January and February - 2. 82.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay or February 3. All other manufacturing and operating costs are paid for when incurred. 4. The budgeted depreciation expense is equal to 0.6% of the fixed manufacturing, selling and administrative expenses. 5. Minimum Cash Balance needed for 20x2, S165,000 I Seo The Light Projected Cash Budget For the Year Ending December 31, 20x2 Round dollars to two places, $#### 34,710 $ $ $ 67,500.00 (10.02) 980,000.00 (10.03) 1,082,210.00 (10.04) 67.500 Beginning Cash Balance Cash Inflows Sales Collections: Account Receivable (Sales last year not collected) Sales made and collected in 20x2 Cash Available Cash Outflows: Purchases Accounts Payable (Purchases last year) Material purchases made and paid for in 20x2 Other Manufacturing Costs Direct Labor Total Manufacturing Overhead Soling and Administrativo Loss: Depreciation Total Cash Outflows Budgeted Cash Balance before financing Needed Minimum Balance Amount to be borrowed (if any) (10.05) (10.06) (10.07) (10.08) (10.09) Budgeted Cash Balance (10.10)