Question: I need help with question 5 -7 and please check to see if my answers are correct. Fixed and Variable Cost Determinations Unit Cost Calculations

 I need help with question 5 -7 and please check to

see if my answers are correct. 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

I need help with question 5 -7 and please check to see if my answers are correct.

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 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) Cost per lamp $28.9250000 per lamp Expected increases for 2017 When calculating projected increases round to SEVEN decimalplaces, $0.0000000. 1. Material Costs are expected to increase by 3.50% 2. Labor Costs are expected to increase by 3 00%. 3. Variable Overhead is expected to increase by 5.00%. 4. Fixed Overhead is expected to Increase to $255,000. 5. Fixed Administrative expenses are expected to Increase to $46,000. 6. Variable seling expenses (measured on a per lamp basis) are expected to increase by 5.50%. 7. Fixed selling expenses are expected to be $31.000 in 2017 8. Variable administrative expenses (measured aper lamp basis) are expected to Increase by 3.00%. On the following schedule develop the following figures 1- 2017 Projected Variable Manufacturing Unit Cost of a lamp. 2- 2017 Projected Variable Unit Cost per lamp. 3- 2017 Projected Fixed Costs

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