Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The yellow is the answers I need. 4.05,4.06, 4.09 is wrong, the rest is right Fixed and Variable Cost Determinations Unit Cost Calculations The projected
The yellow is the answers I need. 4.05,4.06, 4.09 is wrong, the rest is right
Fixed and Variable Cost Determinations Unit Cost Calculations 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 Fixed 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 per lamp: $30.0000000 per lam Expected increases for 20x2 When calculating projected increases round to TWO (S0.00) decimal places. 1. Material Costs are expected to increase by 6.50% 2. Labor Costs are expected to increase by 6.00%. 3-Variable Overhead is expected to increase by 6.50%. 4. Fixed Overhead is expected to increase to $270,000. 5. Fixed Administrative expenses are expected to increase to $46,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 2.00%. 7. Fixed selling expenses are expected to be $23,000 in 20x2. B. Variable administrative expenses (measured a per lamp basis) are expected to increase by 3.00%. 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. Schedule of Projected Costs Variable Man 20x1 Cost Projected Percent Increase 6.50% 6.00% 6.50% 20x2 Cost Rounded to 2 Decimal Places Lamp Kit Labor Variable Overhead 16 $17.04 (4.01 S2.12 4.02 $2.134.03 Projected Variable Manufacturing Cost Per Unit $21.294.04 20x1 Cost Projected Percent Increase 6.50% 6.00% 20x2 Cost Rounded to 2 Decimal Places Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost 3.20 2.12 5.32 (4.05} You entered 3195 please round to 2 places"-round(##/##2) 4.06) (4.04) You entered 5315 please round to 2 places.-round(##/##2) Projected Total Variable Cost Per Unit 25 26.61 (4.07) You entered 26.605 please round to 2 places"-round(##/##2) Projected Percent Increase 20x1 Cost 20x2 Cost Fixed Overhead 270,000.004.08 (normal capacity of Fixed Selling lamps_) 25,000.004.09 46,000.004.10 Projected Total Fixed Costs 341,000.00(4.1Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started