P20-2B Deco-Lampz Ltd. is a small company that sells decorative lamps to decorators and consumers. The...

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P20-2B Deco-Lampz Ltd. is a small company that sells decorative lamps to decorators and consumers. The company's income statements for the last three months are shown below: 00, bloz bas Auguste gnille Sales in units wo Cost of goods sold Gross profit Sales revenue inimbs boxil bas noillion b sing gnille oldshav boubo200 Income from operation $30,000 203 16,000 14,000 Operating expenses Salaries and wages expense sldsinsv galau 5,900 Depreciation expenses200 noliqroeds qui 580 Shipping expense 1,400 Office expense Total operating expenses 20xX September song 300rb 8,000 $ 6,000 ubbe $45,000 24,000 21,000 atramate 6,350 oni svim 6,170 volatnomasta 580 oni svim 580. ammooni ni us2,100 oshib Jabau 1,820 1200 ot ar sobu long 120 bas nolubos 170 allo sdt noin 150 lo labom 9,200 $11,800 zit,blos edino of October 260 $39,000 20,800 18,200 8,720 $ 9,480 Instructions (a) Identify each of the company's expenses (including cost of goods sold) as being variable, fixed, or mixed. (b) Calculate the cost per unit for each of the variable expenses. (c) Using the high-low method, determine the variable cost per unit and the fixed cost component for each of the mixed costs. (d) Management has projected that the sales volume in November will increase to 400 lamps. Using the cost in- formation determined above, prepare a CVP income statement up to income from operations for November. (Show expense items individually.) P20-2B Deco-Lampz Ltd. is a small company that sells decorative lamps to decorators and consumers. The company's income statements for the last three months are shown below: 00, bloz bas Auguste gnille Sales in units wo Cost of goods sold Gross profit Sales revenue inimbs boxil bas noillion b sing gnille oldshav boubo200 Income from operation $30,000 203 16,000 14,000 Operating expenses Salaries and wages expense sldsinsv galau 5,900 Depreciation expenses200 noliqroeds qui 580 Shipping expense 1,400 Office expense Total operating expenses 20xX September song 300rb 8,000 $ 6,000 ubbe $45,000 24,000 21,000 atramate 6,350 oni svim 6,170 volatnomasta 580 oni svim 580. ammooni ni us2,100 oshib Jabau 1,820 1200 ot ar sobu long 120 bas nolubos 170 allo sdt noin 150 lo labom 9,200 $11,800 zit,blos edino of October 260 $39,000 20,800 18,200 8,720 $ 9,480 Instructions (a) Identify each of the company's expenses (including cost of goods sold) as being variable, fixed, or mixed. (b) Calculate the cost per unit for each of the variable expenses. (c) Using the high-low method, determine the variable cost per unit and the fixed cost component for each of the mixed costs. (d) Management has projected that the sales volume in November will increase to 400 lamps. Using the cost in- formation determined above, prepare a CVP income statement up to income from operations for November. (Show expense items individually.)

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a Identification of Companys Variable Fixed and Mixed Expenses a i Variable Expenses where cost per ... View the full answer