Question

PAGE LAYOUT FORMULAS DATA REVIEW VIEW py Arial BIU- 10A A - Wrap Text Merge & Center - amat Painter E E $ .% , * & Co ard Font Alignment Number IX & fx - BCD I F G H I See The Light Projected Income Statement For the Period Ending December 31, 20x1 . $45.00 $28.93 $ 1.125,000.00 723,250.00 $ 401,750.00 Sales 25,000 lamps @ Cost of Goods Sold @ Gross Profit Selling Expenses: Fixed Variable (Commission per unit) @ Administrative Expenses: Fixed Variable @ Total Selling and Administrative Expenses: Net Profit $ 23,000.00 78,750.00 $3.15 $ 101,750.00 $ 42,000.00 1 ,500.00 $0.06 43,500.00 145,250.00 $ 256,500.00

Answer 1

1)

20X2 Projected variable manufacturing unit cost of a Lamp
Figurines [9.2 (1+.02)]	9.384
Electrical sets [1.25 (1+.02)]	1.275
Lamp shades [6 (1+.02)	6.12
Direct labor [2.25 (1+.03)]	2.3175
variable overhead [.225(1+.045)]	.235125
Variable manufacturing cost per Lamp	19.331625 (rounded to 19.33)

b)

Variable manufacturing cost per Lamp	19.331625 (rounded to 19.33)
Variable selling expense [3.15 (1+.035)]	3.26025
Variable administrative expense [.06 (1+.05)]	.063
Total variable cost per Lamp	22.654875    (rounded to 22.65 )

c)

Fixed manufacturing overhead	270000
Fixed selling expense	39000
Fixed administrative expense	60000
Total Fixed cost in 20X2	369000