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I see the light income statement. Having Problems with the questions that require the yellow boxes to be filled. Printed out the excel to provide the actual data sheets. If work could be provided that would be great and please let me know if you want me to copy the actual format to make it easier. Sometimes the photos come out a little blurry so please let me know if I need to retake a photo.

Page 2 I See The Light Projected Income Statement For the Period Ending December 31, 20x1 $45.00 $30.00 $ 1,125.00000 750,000.00 $ 375,000.00 Sales 25,000 lamps @ Cost of Goods Sold @ Gross Profit Selling Expenses Fored Variable (Commission per unit) Administrative Expenses Fixed Variable @ Total Selling and Administrative Expenses Net Profit $3.00 $ 23,000.00 75,000.00 $ 98,000.00 $2.00 $42.000.00 50,000.00 92,000.00 3 190,000.00 1335,000.00 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 Lamp Kits Work in Process Finished Goods Total Current Assets 8,000.00 500 @ $16.00 3000 @ $30.00 $ 90.000.00 200.210.00 $ 20,000.00 6,800.00 Foxed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets 13,200.00 $ 213.410.00 $ $ 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 Stockholder's Equity $ 12,000.00 147.410.00 159.410.00 $ 213.410.00 Page 3 ih Rodriguez PART 1 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 10 000 marah 2 5 10.0000000 per lamp (based on normal capacity of 25,000 lamps) $30,0000000 per lamp Cost per lamp Expected increases for 20x2 When calculating projected increases round to TWO (30.00) decimal places. 1. Material Costs are expected to increase by 6.50% 2. Labor Costs are expected to increase by 4.50% 3. Variable Overhead is expected to increase by 6.50% 4. Fixed Overhead is expected to increase to $290,000 5. Fored Administrative expenses are expected to increase to $52,000 6. Variable seling expenses (measured on a per lamp basis) are expected to increase by 3.50% 7. Fored selling expenses are expected to be $25,000 in 202 8. Variable administrative expenses (measured a per lamp basis) are expected to Increase by 5.00% On the following schedule develop the following figures: 1- 202 Projected Variable Manufacturing Unit Cost of a lamp. 2- 20x2 Projected Variable Unit Cost per lamp. 3- 2012 Projected Fixed Costs. Isaiah Rodriguez 5469 See The Light, Inc Schedule of Projected Costs Variable Manufacturing Unit Cost 20x1 Cost Projected Percent Lamp kit Labor Variable Overhead 16 6.5 2 45 26.5 2012 Cost Rounded to 2 Decimal Places $17.04 $2.09 $2.13 (401) 14021 14.03) Projected Variable Manufacturing Cost Per Unit $21 25 404) Total Variable Cost Per Unit Cost Rounded to 2 Decimal Places 20x Cost Projected Percent Increase 3 3.5 25 Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost 2.10 (406) (404) Projected Total Variable Cost Per Unit 26.47 (4.07) Schedule of Fred Costs 20x1 Cost 20.2 Cost Projected Percent Increase (408) Fixed Overhead (normal capacity of Fixed Seling Fixed Administrative lamps @_) (4.09) (4.10) Projected Total Fixed Costs (4.11) PART 2 Cost Volume Relationships - Profit Planning Ria N is about to begin work on the budget for 2012 and they have requested that you prepare an analysis based on the following assumptions Nae Remember, that we cannot sell part of a lamp. Therefore to find the number of units you have to round to the next complete unit. Furthermore, to find the required sales in dollars may be easier to find the be of u s and then multiply by the selling price per unit 1 For 2012 heling price per lamp will be $4500 What is the procederon man and contrbution margrate for each lamp Contribution Margin perunt Round low 15.01) $10.00 aces, Contribution Margin Ratio (Round to four place two of the places 2. Fox 202 the selling price per lamp will be $4500. The desired net income in 20x2 is $195 000. What would sales in units have to be in 202 to reach the profit goal? rekvences in its ince (5.00) For 202 the setting price per lamp will be $45.00 If the fired cost increase by $75,000.00 how many lamps must be sold to breakeven? Breve sales in n e w care part of a round to the next 2000 22 ling price per low be $4500 must be sold to breakeven? the varios increase by 1750 Breakeven sales in its (Since carta part sunt round up to the ne e ded 18011 5 For 2014 the selling price per lamp will be $45.00 If the variable cost decreased by $7.50 must be sold to breakeven? unit how many lamps He even ses secret UdLODENT RTS (502) 6. If for 20x2 the selling price per lamp is increased to $52.50 a unit how many lamps must be sold (8.03) ever sales in units since we cannot del part of a unit round up to the next unit freded for 2010 the selling price per lamp is decreased to $37.50 a unit how many lamps must be told 7 Since we cannot be pertant found up to the next und we cannot el part died Page 7 Rodriguee PART 3 Budgets Division N has decided to develop its budget based upon projected sales of 33.000 lamps $49.00 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 inventory of Lamp Kits to 550 pieces and decreasing the finished goods by 20% Complete the following budgets 1 Production Buda Planned Sales Desired Ending Inventory of Finished Goods Total Needed Less: Beginning Inventory Total Production 17.01) Page 8 Rodriguez 2 Materials Budget Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places. $ 1801) (8.02) 18033 18.04) 98) 18 05) (8.08) 3 Direct Labor Budget (807) Labor Cost Per Lamp Production Total Labor Cost (Round to two places. $# #3) (8.08) 4 Factory Overhead Budger Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be produced Total Variable Factory Overhead (Round to two places, SW Fixed Factory Overhead ) (809) (8.10) (8.11) ) Total Factory Overhead (Round to two places. Saw 4 Factory Overhead Bude Overhead Allocation rate based on 1. Number of Units Total Factory Overhead / Number of Unis (Round to two places (9.01) 5 Cost of making on n ext year Cost of one Lampe Labor Cost Per Lamp Factory overhead per unit (902) Total cost of one unit (Round to two places, se 6 Sering and Admin Budget Foxed Selling Variable Selling (Round to two places, SA Fixed Administrative Variable Administrative (Round to two places, se Total Seling and Administrative Round to two places, sa 19.04) 1905) 19.07) Goods Sold Budget Beginning inventory. Finished Goods Production Costs: Materials Lam Kits Beginning Inventory Purchased Available for Use Ending inventory of Lamp Kits Lamp Kes Used In Production 908) Total Materials Labor Overhead Cost of Goods Available Less Ending Inventory, Finished Goods Cost of Goods Sold 1909 19.10) 1911) 19.12) 1913) (9.14) Page 10 7 Bucand income Statement Sales Cost of Goods Sold Gross Profit Selling Expenses & Admin Expenses Net Income (10.01) 8 Cash Budget Assume actual cash receipts and disbursements will follow the pattern below (Note Receivables and Payables of 12/31xt will have a cash impact in 2012.) 1. 19.00% of sales for the year are made in November and December. Since our customers have 60 day terms these funds will be colected be collected in January and February 2. 89.00% of material purchases will be paid during the ye, the remaining portion will be paid in Januay of 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 feed manufacturing, selling and administrative expenses 5. Minimum Cash Balance needed for 20x2. $195,000 See The Light Projected Cash Budget For the Year Ending December 31, 20x2 Round dollars to two places, SA Beginning Cash Balance Cash Intlows Sales Collections Account Receivable (Sales last year not collected) Sales made and collected in 20x2 Cash Available 110021 (1003) (1004) (10.05) Cash Outflows Purchases Accounts Payable (Purchases last year) Purchases made and paid for in 20x2 Other Manufacturing Costs Direct Labo Total Manufacturing Overhead Selling and Administrative Less: Depreciation Total Cash Outflows (10.06) (10.07) Budgeted Cash Balance before financing Needed Minimum Balance (10.08) Amount to be borrowed of any) (10.09) Budgeted Cash Balance (10.10) Page 13 PART 5 Job Order Costing To keep records of the actual cost of a special order job, a Job Order Cost System has been developed Overhead is applied at the rate of 50% of the direct labor cost Job Order Costing Section On January 1, 2012Divisions began Job 2407 for the client. THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,025 Lamp Kits $16.60 per kit 9-Jan 4, 125 sets of Lamp Kits were requisitioned. 17-Jan Payroll of 600 Direct Labor Hours $9.85 per hour 30-Jan Payroll of 650 Direct Labor Hou's $10.10 per hour. 30-Jan 3.000 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing. Month End Oveshead information Actual Variable Manufacturing Overhead Actual Fixed Manufacturing Overhead $ 1,575 00 $ 40,373.45 Round to be places S . Cost of Direct Material incurred in Manufacturing Job 2407 (13.01) Cost of Direct Labor incurred in Manufacturing Job 2407 (13.02) Cost of Manufacturing Overhead Applied to Job 2407 (13.03) Cost of manufacturing one lamp - (13.04 Page 14 PART 6 Standard Job Order Costing - Variance Analysis Special order lamps are manufactured in division S. Because of the precise nature of the process a standard cost system has been developed. The following standards are used for the special orders Standards Lamp Kits Direct Labor Variable Overhead - Foed Overhead Total $16000000 per lamp 2400000 per lamp (4 lampuhe) 0.250000 per lamp (4 lampsh.) 10000000 per lamp $26.650000 *Fored overhead is based on expected production of 4,007 customized lamps each month To keep records of the actual cost of a job, a Job Order Cost System has been developed. Entries are made to the Job Order System at actual cost overhead is applied based on actual labor hours) while entries are made to the accounting system at standard. Variance analysis is used to analyze the differences Job Order Costing Section On January 1, 20x2. Division S began Job 1101 for the Cient, THE BIG CHILDREN STORE. The jab called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,025 Lamp Kits @ $16.60 per kit 9-Jan 4, 125 sets of Lamp Kits were requisitioned. 17 Jan Payroll of 600 Direct Labor Hours $9.85 per hour. 30 Jan Payroll of 650 Direct Labor Hours $10.10 per hour 30 Jan 3,993 lamps were completed and shipped. All materials requisitioned were used or scrapped Month End Owerhead Information Actual Variable Overhead Actual Fixed Overhead $ 1,575.00 $ 40,373.45 Page 15 Rodriguez How many Lamps were completed? Note: Show favorable variances as negative numbers What was the total material price variance for the Lamp Kits purchased [15.01) What was the material usage variance for Lamp ? [15.02) What was the direct labor efficiency variance ? What was the direct laborate variance? (1504) Page 16 Note: Show favorable variances as negative numbers What was the variable overhead efficiency variance? (1601) What was the variable OH spending variance ? 1602) (1603) What is the faced OH volume (denominator) varian (16.04) What is the fred OH spending variance? Capital Decision Making pod seda machine woul w as one hour handsfree minute breaks each day. He believes that chine would be appreciated by his woners, and an appreciated wonder is a good work machine stational member only warehouse for $2.150. The machine should be Sven her which would be inefficient, b le and would have to be disposed of the Al belleves that cars a day will be purchased. The plant is contre des per year. A case of soda (24 ans 5 and Big Abelieves that a pries per can would win him good will What is the estimated sales in case What is the contribution marginer can of d (17.01) rounded place 1170 How many cans of sods must be sold each year to breakeven? (Round up to replaces Annual incremental cash indows from the soda machine? rounded to two places 17.04) What is the payback period in year rounded (17.05 If the time value of money is 12% per year what is the net present value? Use the tables on page 18 (17.06) What is the internal rate of return Pick the dose the tables on page 18 (17.07) Present Value of Anu 100 in Area lalala EEEEEEEEEEEEEE823922888 E6BSBESTIERADESEEE806665 Sala 1.500 BESEISESSREAN 3.087 alalalalalalalalalalalalalalasi 29741 saglas SINNE 1545 1.534 1459 1.513 36 60 1301 72053 205 2322 2014431 230228543392 2283 278553362 15531 22427020313 16.03 22402798 3274 16.5% 2220 2.7703236 3636 17 0% 2210 27 3.199 17.5% 2.192 2718 3163 18.09 2172 3127 1855 2.157 27664 37092 19.0% 2 1401 3.058 19.5% 2.123 2613 3.024 20.0% 2105 21589 2.991 3326 205% 2000 2564 2.958 3285 21.0% 2072 2540 2926 3245 21.5% 2058 2517 22.0% 2042 2.494 2 864 3.167 22.5% 2.0272471 2.833 3.129 23 0% 2011 2.448 2 803 3092 235% 10032426277431056 24.0% 1.981240427453020 24 5% 1007 2383 2717 2986 25.0% 1.952 2.362 2 689 2951 25.5% 1.938 2 341 2682 2918 26 0% 1.923 2.320 2635 2.885 26.5% 1.909230026092853 27.0% 1.896 2280 2.583 2.821 27.5% 1.882 2.260 2 557 2.790 28.0% 1.868 2.241 2.532 2.759 28.5% 1.855 2 222 2 507 2.729 29.0% 1.842 2203 2483 2700 1.331 1413 1.482 132374041452 1.3161 .395 1.443 1.178 1.308 1306 1.433 13781424 67 551 1.1 1293 1309 1.414 38 0% 1.760 1250 1.381 68.5% 1.166 1 279 1.352 1 30 69.0% 1.149 12721344 1307 1.143 1.285 1335 1378 1.138125013281369 70.5% 1.132 1251 1320 1.361 71.0% 1 127 1244 1312 1.362 71.5% 1.121 1237 1.304 1344 720961.116 1230 1297 1335 1.11112241289 1327 73.0% 1.105 121712811319 73.5% 1.100 1210 1274 1311 740% 1095 1204 1267 1303 74.5% 1.090 1.198 1.259 1.295 75 0% 1085 1.19112521287 75.5% 1.079 1.185 1245 1279 76.0% 1.074 1.179 1.238 1 272 76.5% 1.069 1.1721.2311264 77,0% 1084 1.166 1.224 1256 77.5% 1.060 1.160 1217 1249 725% Present Value of Annuity $100 in Areas T 1600 alla RARE TITO 1760 $288888888888 1.719 1.707 1606 1 103 11013 1092 IIIIIIIIIIALLL 888888888888888888 ATTI LAULUJJ 38587 1601 & 38.6% 37.0% 37.53 1630 2.105 16201892 2088 39 0 16091877 2.070 391615991 2052 400W 1569 40591679 1636 2018 410X15001822 2001 41.5X1560 1809 1.885 42 0% 1549 1.796 1.989 425% 1540 1782 1.953 430% 1.530 435% 1.521 1.767 1.921 440 1.512 1.744 1.906 44 5% 1.502 1.7321890 45.0% 1.493 1720 1.876 45.5% 1484 1.707 1881 46.0 1475 1695 1846 46.5% 1.467 1.684 1.832 47.0% 1.458 1672 1.818 47.5% 1449 1680 1804 48.0% 1.441 1.649 1.790 48 5% 1432 16391776 49.0% 1.4241.627 1.763 495% 1.416 1.181 .750 50.0% 1 407 1.605 1.737 2091 2072 2038 2018 2000 1963 1906 1.949 108111207153 1.1221147 1.110 1141 100 11061129 1065 1099 1123 1117 104510016111 1040 1021106 89 0X0957 1036 107 1090 89 5 0963 1.03 10721093 900 0.949 1025 1.0551087 9050945102110311082 91 0% 0 941 1016 10561076 91.5% 0.937 1012 1050 1071 92 0% 0.933 1 007 1.045 1065 9259 0.930 1.002 1.040 1080 93.0% 092619981035 1054 9355 9220 993 1030 1049 94.093 0918 0.989 1.025 1044 94 5% 0.914 9841020 1039 96.0% 0.911098010151033 95.5% 0.907 0.975 1.010 1.028 96.0% 0.903 0.971 1.0051023 96.5% 0.900 0.967 1.001 1 018 9709608960 962 0.996 1013 975% 0.893 0.950.982 1.000 98.0% 0.889 0.95409871003 98.5% 0.885 0.950 0 982 0.999 99.0% 0.882 0.94609780 994 99,5% 0.878 0.9420.973 0989 100.0% 0.875 0.938 0.969 098A 1.917 1901 1.885 1.870 1.854 1.839 1.824 If off the chart use 100%

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