Please help with the yellow blanks in problem 11.02-11.14. I tried to include all the background info, as well!

I See the Light Projected Income Statement For the Perlod Ending December 31, 20x1 Sales Cost of Goods Sold Gross Profit (i) $28.93 Selling Expenses: Fixed Variable Administrative Expenses Total Selling and Administrative Expenses: Not Profit I See The Ught Projected Balance Sheet As of December 31, 20x1 Current Assets Cash Accounts Recelvable \begin{tabular}{rr} & 142,000.00 \\ \hline$259,750.00 \\ \hline \hline \end{tabular} Inventory Raw Material Total Current Assets Flixed Assets Equipment Accumulated Depreciation Total Fxed Assets Total Assets 534,710.00 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: Expected increases for 202 When calculating projected increases round to SEVEN decimal places, $0.0000000. 1. Material Costs are expected to increase by 4.00%. 2. Labor Costs are expected to increase by 3.50%. 3. Variable Overhead is expected to increase by 5.50%. 4. Fixed Overhead is expected to increase to $290,000. 5. Fixed selling expenses are expected to be $25,000 in 202. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 6.00%. 7. Fixed Administrative expenses are expected to increase by $4,000. The total administrative expenses for 200 were $40,005.00, when 21,500 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 6.00%. The total administrative expenses for 200 were $40,005.00, when 21,500 units were sold. Use the High-Low method to calculate the variable administrative expense per lamp. On the following schedule develop the following figures: 2- 202 Projected Variable Unit Cost per lamp. 3. 202 Projected Flxed Costs. Variable Manufacturing Unit Cost Figurines Electrical Sets Lamp Shade Labor Variable Overhead Projected Variable Manufacturing Cost Per Unit \{4.01\} {4.02} {4.03} (4.04) \{4.05\} {4.06} Total Variable Cost Per Unit \{4.07\} {4.08} {4.09} {4.06} {4.10} Projected Total Variable Cost Per Unit Schedule of Fixed Costs Fixed Overhead (normal capacity of lamps @-) 72 Fixed Selling 73 Fixed Administrative 20x1 74 Fixed Administrative 202 75 Projected Total Fixed Costs \{4.11\} {4.12} {4.13} \{4.14\} (4.15) 76 Keep in mind that the budget section builds on work from the previous parts, including Part l as well as the Background Information (tabs 1-4). You should continue to use the same file with your previously submitted answers. Division N has decided to develop its budget based upon projected sales of 27,000 lamps at $54.00 per lamp. The company has requested that you prepare a master budget for the year. This budget is to be used for planning and control of operations and should be composed of: 1. Production Budget 2. Materials Budget 3. Direct Labor Budget 4. Factory Overhead Budget 5. Selling and Administrative Budget 6. Cost of Goods Sold Budget 7. Budgeted Income Statement 8. Cash Budget Notes for Budgeting: The company wants to maintain the same number of units in the beginning and ending inventories of work-in-process, and electrical parts while increasing the figurines inventory to 550 pieces and increasing the finished goods by 27.00%. Complete the following budgets 1 Production Budgot Planned Sales Desired Ending Inventory of Finished Goods (roundup to the next unit) Total Needed Less: Beginning Inventory Total Production \begin{tabular}{|r|} \hline 27000 \\ \hline 3810 \\ \hline 30810 \\ \hline 3000 \\ \hline 27,810 units \\ \hline \end{tabular} (7,01) Lamp Shades - not inventoried they arive from the shop next deor Justin-lime. Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, $ H.t.H\#) 3 Direat Labor Rudgat Labor Cost Por Lamp Production Total Labor Cost (Round to two places, \$\#H. \#H) Cost of Goods Sold Budget - Assume FIFO (Fint-in, First-Out) and overhead is applied based on the number of units to be produced. Round dollars to B Cash Budget Assume actual cash receipts and disbursements will follow the pattem below: (Note: Receivables and 1. 15.00% 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. 84.00% 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 202,$185,000. I See The Light Projected Cash Budget Round dollars to Labor Cost Per Lamp Varlable Factory ovemead per unit Total variable manufacturing cost of one unit Budgeted Operating income Using Variable (Direct) Costing 202 Cost Rounded to 2. Decimal Places: Sales Variable Cost of Goods Sold - Assume FIFO (First-in, First-Out) Beginning Inventory. Finished Goods (Variable Costing) Production Costs: Materiale: Figurines: Electrical Parts Lamp Shades: Labor: Varlable Overhead: Total Variable Production Costs. Cost of Goods Avallable For Sale Less: Ending inventory. Finished Goods (Variable Costing) Variable Cost of Goods Sold Variable Seling (Round to two places, \$\#\#..\#\#) Variable Administrative (Round to two places, 5NA.HH ) Total Varable Costs Contribution Margin Foxed Costs: Flxed Manufacturing Overtiead Focod Selling Foed Administrative Total Foxed Operating Income, Varlable Costing Operating Income, Absorption Operating income, Variable Costing Excess (Absomtion Costing Operating Income - Variable Costing Operating Budgeted Fixed Ovemead Budgefed Number of Units to be Produced Flood Manufacturing Ovemead in the Ending Inventory Floed Manufacturing Overtead in the Beginning inventory increase (Foced Manufacturing Overhead in the Ending inventory-Floed Manufacturing Overhead in the Beginning inventory) I See the Light Projected Income Statement For the Perlod Ending December 31, 20x1 Sales Cost of Goods Sold Gross Profit (i) $28.93 Selling Expenses: Fixed Variable Administrative Expenses Total Selling and Administrative Expenses: Not Profit I See The Ught Projected Balance Sheet As of December 31, 20x1 Current Assets Cash Accounts Recelvable \begin{tabular}{rr} & 142,000.00 \\ \hline$259,750.00 \\ \hline \hline \end{tabular} Inventory Raw Material Total Current Assets Flixed Assets Equipment Accumulated Depreciation Total Fxed Assets Total Assets 534,710.00 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: Expected increases for 202 When calculating projected increases round to SEVEN decimal places, $0.0000000. 1. Material Costs are expected to increase by 4.00%. 2. Labor Costs are expected to increase by 3.50%. 3. Variable Overhead is expected to increase by 5.50%. 4. Fixed Overhead is expected to increase to $290,000. 5. Fixed selling expenses are expected to be $25,000 in 202. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 6.00%. 7. Fixed Administrative expenses are expected to increase by $4,000. The total administrative expenses for 200 were $40,005.00, when 21,500 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 6.00%. The total administrative expenses for 200 were $40,005.00, when 21,500 units were sold. Use the High-Low method to calculate the variable administrative expense per lamp. On the following schedule develop the following figures: 2- 202 Projected Variable Unit Cost per lamp. 3. 202 Projected Flxed Costs. Variable Manufacturing Unit Cost Figurines Electrical Sets Lamp Shade Labor Variable Overhead Projected Variable Manufacturing Cost Per Unit \{4.01\} {4.02} {4.03} (4.04) \{4.05\} {4.06} Total Variable Cost Per Unit \{4.07\} {4.08} {4.09} {4.06} {4.10} Projected Total Variable Cost Per Unit Schedule of Fixed Costs Fixed Overhead (normal capacity of lamps @-) 72 Fixed Selling 73 Fixed Administrative 20x1 74 Fixed Administrative 202 75 Projected Total Fixed Costs \{4.11\} {4.12} {4.13} \{4.14\} (4.15) 76 Keep in mind that the budget section builds on work from the previous parts, including Part l as well as the Background Information (tabs 1-4). You should continue to use the same file with your previously submitted answers. Division N has decided to develop its budget based upon projected sales of 27,000 lamps at $54.00 per lamp. The company has requested that you prepare a master budget for the year. This budget is to be used for planning and control of operations and should be composed of: 1. Production Budget 2. Materials Budget 3. Direct Labor Budget 4. Factory Overhead Budget 5. Selling and Administrative Budget 6. Cost of Goods Sold Budget 7. Budgeted Income Statement 8. Cash Budget Notes for Budgeting: The company wants to maintain the same number of units in the beginning and ending inventories of work-in-process, and electrical parts while increasing the figurines inventory to 550 pieces and increasing the finished goods by 27.00%. Complete the following budgets 1 Production Budgot Planned Sales Desired Ending Inventory of Finished Goods (roundup to the next unit) Total Needed Less: Beginning Inventory Total Production \begin{tabular}{|r|} \hline 27000 \\ \hline 3810 \\ \hline 30810 \\ \hline 3000 \\ \hline 27,810 units \\ \hline \end{tabular} (7,01) Lamp Shades - not inventoried they arive from the shop next deor Justin-lime. Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, $ H.t.H\#) 3 Direat Labor Rudgat Labor Cost Por Lamp Production Total Labor Cost (Round to two places, \$\#H. \#H) Cost of Goods Sold Budget - Assume FIFO (Fint-in, First-Out) and overhead is applied based on the number of units to be produced. Round dollars to B Cash Budget Assume actual cash receipts and disbursements will follow the pattem below: (Note: Receivables and 1. 15.00% 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. 84.00% 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 202,$185,000. I See The Light Projected Cash Budget Round dollars to Labor Cost Per Lamp Varlable Factory ovemead per unit Total variable manufacturing cost of one unit Budgeted Operating income Using Variable (Direct) Costing 202 Cost Rounded to 2. Decimal Places: Sales Variable Cost of Goods Sold - Assume FIFO (First-in, First-Out) Beginning Inventory. Finished Goods (Variable Costing) Production Costs: Materiale: Figurines: Electrical Parts Lamp Shades: Labor: Varlable Overhead: Total Variable Production Costs. Cost of Goods Avallable For Sale Less: Ending inventory. Finished Goods (Variable Costing) Variable Cost of Goods Sold Variable Seling (Round to two places, \$\#\#..\#\#) Variable Administrative (Round to two places, 5NA.HH ) Total Varable Costs Contribution Margin Foxed Costs: Flxed Manufacturing Overtiead Focod Selling Foed Administrative Total Foxed Operating Income, Varlable Costing Operating Income, Absorption Operating income, Variable Costing Excess (Absomtion Costing Operating Income - Variable Costing Operating Budgeted Fixed Ovemead Budgefed Number of Units to be Produced Flood Manufacturing Ovemead in the Ending Inventory Floed Manufacturing Overtead in the Beginning inventory increase (Foced Manufacturing Overhead in the Ending inventory-Floed Manufacturing Overhead in the Beginning inventory)