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Excel EU KP5613 AutoSave OF Home Insert Draw Page Layout Formulas Data Review View Tell me v Arial A A 10 General = = = = = Paste BIU GA $ % 9 58 Fo E56 4Xfx B C D H K G I See The Light Projected Income Statement For the Period Ending December 31, 20x1 1 2 3 4 5 6 7 8 9 10 $ 1,125,000.00 723,250.00 S 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 Soling and Administrative Expenses Net Profit $ 23,000.00 78,750.00 $ 101,750.00 41,000.00 142,750.00 $ 259,000.00 14 15 16 17 18 21 22 23 24 25 28 Arial te $ % 958 Cor For BIU A 4 x fx A B D F G H J K L M I 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 Figurines Electrical Sets Work in Process Finished Goods Total Current Assets 5 4.600.00 625.00 500 @ $9.20 500 @ $1.25 0 3000 $28.0250 86.775.00 $ 194,210.00 9 50 51 32 53 56 57 58 59 BO 63 64 85 66 Fixed Assets Equipment Accumulated Depreciation Total Food Assets Total Assets $ 20,000.00 6,800.00 13,200.00 $207,410.00 $ $ 54,000.00 54,000.00 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Eamings Total Stockholder's Equity Total Liabilities and Stockholders Equity $ 12,000.00 141.410.00 70 71 72 73 74 153,410.00 $ 207.410.00 te $ % 9 40 BI U ulovlar Av x & fx A B D E F G H 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) 4 5 Cost per lamp: $28.9250000 per lamp 6 Expected increases for 20x2 27 When calculating projected increases round to SEVEN decimal places, $0.0000000. 28 1. Material Costs are expected to increase by 4.00% 2. Labor Costs are expected to increase by 4.50%. 32 33 34 35 36 40 41 42 3. Variable Overhead is expected to increase by 2.00% 4. Fixed Overhead is expected to increase to $260,000. 26 Expected increases for 20x2 27 When calculating projected increases round to SEVEN decimal places $0.0000000 28 32 33 34 35 36 40 41 42 43 44 48 49 50 51 52 56 57 58 59 60 84 65 66 1. Material Costs are expected to increase by 4.00% 2. Labor Costs are expected to increase by 4.50% 3. Variable Overhead is expected to increase by 2.00% 4. Fixed Overhead is expected to increase to $260,000 5. Fixed seling expenses are expected to be $31,000 in 20x2. 6. Variable seling expenses (measured on a per lamp basis) are expected to increase by 6.50% 7. Fixed Administrative expenses are expected to increase by $20,000 The total administrative expenses for 20x0 were $40,920.00, when 23,000 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 6.50%. The total administrative expenses for 20x0 were $40,920.00, when 23,000 units were sold. Use the High-Low method to calculate the variable administrative expense per lamp increase by 6.50%. The total administrative expenses for 20x0 were $40,920.00, when 23,000 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- 20x2 Projected Variable Manufacturing Unit Cost of a lamp. 2- 20x2 Projected Variable Unit Cost per lamp. 3- 20x2 Projected Fixed Costs. 2 3 4 5 "6 30 31 B2 83 84 85 86 87 88 89 90 91 92 93 Variable Manufacturing Unit Cost 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 7 Decimal Places 0.04 92 1.25 6 0 1 Figurines 12 Electrical Sets 13 Lamp Shade 18 Labor 19 Variable Overhead 20 21 Projected Variable Manufacturing Cost Per Unit 22 0.04 0.04 0.0405 0.02 $9.5680000 $1.3000000 $62400000 $23411250 SO 2295000 {4.01) (4.02) {4.03) [4.04) (4.05) 2.25 0.225 $19.6788250 (4.06) 27 28 29 Total Variable Cost Per Unt 20x1 Cost Projected Percent increase di Cost Rounded to 7 Decimal Places 0.065 3.15 0.0650000 3 3547500 30 31 Variable Seling 36 Variable Administrative 20x1 37 Variable Administrative 2012 38 39 Projected Variable Manufacturing Unit Cost 40 Proiected To Variatie Cost Per Unit (4.07) 14.08) 14.09) 0.055 0.0692250 $19.6788250 14.06) 14.10) 2 AS 7 18 Schedule of Fixed Costs 20x 1 Cost Projected Increase 49 20x2 Cost Rounded to 2 Decimal Places {4.11) lamps @ 54 Fred Overhead 55 (normal capacity of 56 Fixed Selling 57 Fixed Administrative 20x1 58 Food Administrative 20x2 63 Procted Total Fored Costs 14.12) {4.13) {4.15) 65 56 67 74 3