Only need questions 4-7. please give numbers rounded the way the question asks

PART 2 Cost Volume Relationships - Profit Planning an analysis gig Al is about to begin work on the budget for 20x2 and they have requested that you based on the following assumptions up to the complete number of units and then mutiply by the selling price per unit be easier to find the cannot sell part of a lamp, therefore to find the number of units you have to round next complete unit. Furthuremore, to find the required sales in dollars it may 1. For 20x2 the selling price per lamp willbe $45.00. What is the proiected contribution margin and contribution margin ratio for each lamp sold? Contribution Margin per unit (Round to seven places. S## (5.01) Contribution Margin Ratio (Round to seven places,% is two of those places ## (5.02) #####%) 2 For 20x2 the Breakeven sales in units (Round up to zero places, ### ### units) (5.03) 3. For 20x2 the selling price per lamp will be $45.00. The desired net income in 20x2 is $264,000. What would sales in units have to be in 20x2 to reach the profit 2450(509) Sales in units (Round up to zero places, test# units) brittany cioti 8895 ncome equal would lke to have a sales in units in 20x27 a net 4. For 20x2 the selling price per lamp will be $45.00. The company to2900% of sales. If that is to be achieved, what would be the (6.01) Sales in units (Round up to zero places ###### units) the company belleved that it could only sell 25,000 lamps, what would the new selling price have to be so that the new contribution margin per unit is equal to last years contribution margin per unit 5. If unit? New Selling Price (Round up to two places. S###.### ## ) 6. For 20x2 6.02) the selling price per lamp will be $45.00. How many units must be sold to generated 12ound. a net income of $260,000? in unitsf 7. If the company believes that the demand will be 27,500 units for the year. What selling price per lamp, rounded to two ces, would generate a net income of $823,5002 (6.03) New selling pnce per lamp (Round up to two places, S###,### ## ) (6.04) I See The Light $ 1,125,000.00 723,250.00 For the Period Ending December 31, 20x1 25,000 lamps $4500 $28.93 $ 401,750.00 Cost of Goods Sold Gross Profit Selling Expenses: $23,000.00 Fixed per unit) @ $3.15 78,750.00 $101,750.00 $42,000.00 $0.08 1.500.00 Administrative Expenses: 43.500 00 145.250 00 256,500.00 Variable Total Selling and Administrative Expenses: Net Profit I See The Light Projected Balance Sheet As of December 31, 20x1 Current Assets Cash Accounts Receivable $ 34,710.00 67,500.00 Raw Material Figurines 500 @ $9.20 500@ $1.25 Electrical Sets 4,600.00 Work in Process Finished Goods Total Current Assets 3000@$28.93 86,790.00 194,225.00 Fixed Assets s 20,000.00 6800 00 Total Fixed Assets Total Assets 13,200.00 42500 Current Liabilities Accounts Payable Total Liabilities S 54.000.00 $ 54,000.00 Common Stock Retained Eamings Total Stockholders Equity Total Liabilities and Stockholder's Equity $ 12,000.00 141,425.00 153,425.00 bitany cioni 8895 Fixed and Variable Cost Determinations Unit Cost Calculations PART 1 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 $9 2000000 per lamp 1.2500000 per lamp 6.0000000 per lamp 2.2500000 per lamp (4 lamps/hr.) 10.0000000 per lamp (based on normal capacity of 25,000 lamps) Variable Overhead 02250000 per lamp Fixed Overhead: Cost per lamp: 28.9250000 per lamp Expected increases for 20x2 When calculating projected increases round to SEVEN decimal places, $0.0000000. Material Costs are expected to increase by 500% 2. Labor Costs are expected to increase by 6 00%. 3, Variable Overhead is expected to increase by 4.50%. 4. Fixed Overhead is expected to increase to $285,000 5. Fixed Administrative expenses are expected to increase to $60,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.50%. 7. Fixed selling expenses are expected to be $37,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to soy 65Dve 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp. 2- 20x2 Projected Variable Unit Cost per lamp 3 202 Projected Fixed Costs. increase by 6.50%. On the following schedule develop the following figures