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2. Fle Home X Cut Copy Parte 82 2 041 3 4 5 6 15 16 MOLDING 17 18 Physical Flow of Units 19 28 29 Units Started this Period 30 Units to Account for 31 32 Total transferred out 11 Work-in-Process - Ending 42 Total Accounted for 43 44 45 54 Equivalent Units Material (Round to two places, ##,###.##) 55 56 57 Equivalent Units Conversion (Round to two places, ##,###) 58 67 68 69 Total cost of Material (Round to two places, ##*****) 70 71 80 Total cost of Conversion (Round to two places, ##.###.##) 81 Total cost to account for (Round to two places, ## ### ##) 82 ... FAQ 1 2 3 4 5 6 7 8 9 10 ReadyAccessibility investigate Type here to search O A: Format Panter Cipboard Insert Page Layout MS San Suri BIU Ju B m X A Font Work-in-Process - Beginning PB8784. Saved. Review View Hep === . 20 Whap Test ====Merge & Center B Alignment C r 10 Formulas Data A A A- D 11 12 M 13 14 15 o Search (Alt+ S%98 Number 16 17 January Conditional Format as Formatting Table- || 18 Present Value Tables W (1201) (12.02) (12.00) (12.01) (12.06) (12.06) (1207) + D X Insert Delete Format Cels pietro barbaglo 27 0 Autum FILM Sort & Find & Clear Fil-Su- Edeng Analys Anslyne J 2 TOP Sens t Seatty K 74F Partly sunny D - Comments L Share M O 4ING 12:33 PM 4/30/2022 2. Fle Home Insert Page Layout X Cul Copy Paste BIU Format Panter G18 Ju 1 2 3 4 5 6 15 16 17 18 19 28 29 30 31 32 41 42 43 44 45 54 55 56 57 58 67 68 69 70 71 80 81 82 Ready Cipboard A x C PB8784. Saved. Review View . Merge & Center Alignment [ r G H I See The Light Projected Income Statement For the Period Ending December 31, 20x1 25,000 lamps @ $15.00 @ $30.00 $23,000.00 (Commission per unit) $3.00 75,000.00 $ 90,000.00 $42,000.00 @ $2.00 50,000.00 92.000.00 Formulas Data A A A- A Font D Sales Cost of Goods Sold Gross Profit Selling Expenses: Fixed Variable Administrative Expenses Fixed Variable Total Selling and Administrative Expenses: Net Profil Current Assets Cash Accounts Receivable Inventory Raw Material Lamp Kits Made in Dressco | FAQ |1|2|3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Accessibility megle imesliga Type here to search O Ei 10 === == 19 Hep 2 Weap Test I See The Light Projected Balance Sheet As of December 31, 20x1 500 @ $16.00 n 11 12 13 14 G La S%978 Number 15 16 o Search (Alt+ 17 H Conditional Formatas Formatting - Taide- J $1,125,000.00 750.000.00 $375,000 00 190,000.00 $ 185,000.00 $ 34,710.00 67.500 00 8.000.00 18 Present Value Tables X + K L M x Insert Delene Format Cels 0 N Autum FILM Clear (?) 27 O Sort & Find & Filter - Select- 0 Edeng P pietro barbaglo Anslyme Aali R Humid TOP Sensitivity Seatty S D Comments T - 4x ENG U Share 12:20 PM 4/30/2022 2. Home X Cut [Copy File Insert Page Layout MS Sans Serif Paste BIU 82 Ju D C D 67 68 69 Total cost of Material (Round to two places, ## ### ##) 70 71 80 Total cost of Conversion (Round to two places, #.###.##) 81 Total cost to account for (Round to two places, ## ### ## 82 83 84 93 Cost per equivalent unit of Material (Round to two places, www.ww) 94 95 96 Cost per equivalent unit of Conversion (Round to two places, ### ##) 97 106 107 108 109 110 119 Cost of the ending inventory, material and convesion (Round to two places, $#*#* **** **** | 120 121 122 123 124 125 126 127 Cost of the units transferred, material and convesion (Round to two places, $### ### ## ) 128 129 130 131 14 15 16 ... FAQ 1 2 3 4 5 6 7 8 9 10 11 12 13 ReadyAccessibility investigate = Type here to search O G a Format Panter Cipboard m X PB8784. Saved. Review === === 19 A Fant Formulas Data 10 A A View Hep . S Alignment C 8 2 Weap Test Merge & Center r o Search (Alt+ = Conditional Format as Formatting - Taide- || (12.06) (12.06) (1207) (12.08) (1209) (12.10 (12.11) S%978 Number 17 G 18 Present Value Tables W + D x Insert Delete Format Cels pietro barbaglo 27 0 Autum FILM Sort & Find & Clear Fil-Su- Edeng Analys Anslyne J P. OneDrive Screenshot saved The screenshot was added to your OneDrive. 74F Partly sunny 4x ENG 1232 PM 4/30/2022 2 TOP Sens t Seatty K Comments L Share M 2. Fle Home Insert Page Layout X Cul Copy Parte BIU A Format Panter Fant G18 Ju D 45 51 55 56 5/ 58 67 68 69 70 71 80 81 Cipboard A x Current Assets Cash Formulas Data 10 Accounts Receivable Inventory Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets Current Liabilities Fixed Assets A A === B. === A- 19 PB8784. Saved. Review View Hep C 20Weap Test S Merge & Center Alignment r G I See The Light Projected Balance Sheet As of December 31, 20x1 500 @ $16.00 0 3000 @ $30.00 82 83 84 93 94 95 96 97 108 107 108 109 110 119 Accounts Payable Total Liabilities 120 121 Stockholder's Equity 122 Common Slock 123 Retained Famnings 124 Total Stockholder's Equity 125 Total Liabilities and Stockholder's Equity 128 FAQ 12 | 4| 5|0| 7 | 8 | 9 | 10 | 3 11 12 13 ReadyAccessibility investigate Type here to search O G H S%978 Number $ 20,000.00 6,800.00 $ 12,000.00 147,410 00 14 15 16 o Search (Alt+ 17 Conditional Formatas Formatting - Taide- I J S 31,710.00 67,500.00 8,000.00 90,000.00 $ 200,210.00 13,200.00 $ 213,410.00 54,000.00 $ $ 54,000.00 159,410.00 $ 213,410.00 18 Present Value Tables|| X W K L M D x Insert Delene Format Cels 0 N Autum FILM Clear (?) 27 O Sort & Find & Filter - Select- 0 Edeng P pietro barbaglo Anslyme Aali R Humid TOP Sens t Seatty S Comments T - U DENG 12:20 PM 4 4/30/2022 Share O o Formulas Data X Cut 10A A === B. &-A- 2 Weap Test Merge & Carter Copy - Format Panter Caphers == S%978 S Alignment Number A B C D E G H I J 13 Process Costing - Weighted Average 14 15 General Information 16 17 The I See The Light Company has a related company that produces the figurines. They use process costing 25 in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars. 28 The material is added at the beginning of the process. The labor and overhead costs are assumed 27 to be added uniformly throughout. 28 29 3/ 38 39 40 Month of January 41 48 Selected information for January is presented below. Note that the applied overhead rate was 50 50% of direct labor costs in the molding department. 51 52 53 Molding Department 61 82 Goods in process as of January 1 were 2,000 figurines at a cost of $21,188.50. Of this amount, $4,258.00 was from 63 raw materials added, $11,275.00 for labor and $5,637.50 for overhead. These 2,800 figurines were assumed to be 64 25.00% complete as to labor and overhead 85 73 During January, 22,000 units were started, $36,416.00 of materials and $40,525.00 of labor costs were incurred. 74 75 The 7,000 figurines that were in process at the end of January were assumed to be 10.00 % complete to 76 labor and overhead. 77 95 All figurines in January passed inspection 06 87 88 ... | FAQ | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 8 9 10 11 12 13 14 15 16 ReadyAccessibility investigate = Type here to search O G Fle Parte L13 2. Home Insert Page Layout MS Sans Seri BIU Jo A Fant PB8784. Saved. Review View Hep 8 17 Search (Ab+) K E Conditional Format as Formatting Table- 18 Present Value Tables X W M + N D P x Insert Delene Format Cels R Q Autum FILM Clear 2 S 27 0 Sort & Find & Fil-Su- Edeng pietro barbaglo Anslyme Acas U TOP Sensitivity Sensitivity V T 74F Partly sunny D Comments X W 0 -- 4 ENG 12:31 PM 4/30/2022 Share Y 115% Insert Page Layout MS Sans Serif BIU 2. PB8784. Saved. Fle Home Formulas Data Review View Hep X Cul 10A A === . 2 Weap Test Merge & Center Parte 8 3 A- == S%978 Cipboard Fant Alignment Number J33 Ju A B D C F G H 17 The projected cost of a lamp is calculated based upon the projected increases or decreases to 18 current costs. The present costs to manufacture one lamp are: 19 20 Lamp Kit $16.0000000 per lamp 32 Direct Labor 20000000 per lamp (4 lamps/hr) 33 Variable Overhead: 2.0000000 per lamp 34 Fixed Overhead 10.0000000 per lamp (based on normal capacity of 25,000 lamps) 35 45 Cost per lamp: $30.0000000 per lamp 46 47 Expected increases for 20x2 48 When calculating projected increases round to TWO ($0.00) decimal places. 49 59 1. Material Costs are expected to increase by 6.50% 60 61 2. Labor Costs are expected to increase by 6.50% 62 3. Variable Overhead is expected to increase by 2.50%. 73 74 4. Fixed Overhead is expected to increase to $290,000 75 76 5. Fixed Administrative expenses are expected to increase to $44,000. 77 87 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 2.50% 88 89 90 7. Fixed selling expenses are expected to be $29,000 in 20x2. 91 101 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 4.00%. 102 103 104 On the following schedule develop the following figures: 105 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp ... | FAQ | 1|2|3 4| 5| 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 17 ReadyAccessibility investigate Type here to search O G Copy Format Painter o Search (Alt+ 8 Conditional Format as Formatting - Taide- I 18 Present Value Tables X W + J K L D x Insert Delene Format Cels M N Autum FILM Clear (?) 27 O Sort & Find & Fitur Sales- P Edeng 0 pietro barbaglo Anslyme TOP Sensitivity Analys Seatty Q R Humid - Comments S T ING 12:27 PM 4x 4/30/2022 Share 2. Fle Home X Cut Copy Parte 82 2 041 3 4 5 6 15 16 MOLDING 17 18 Physical Flow of Units 19 28 29 Units Started this Period 30 Units to Account for 31 32 Total transferred out 11 Work-in-Process - Ending 42 Total Accounted for 43 44 45 54 Equivalent Units Material (Round to two places, ##,###.##) 55 56 57 Equivalent Units Conversion (Round to two places, ##,###) 58 67 68 69 Total cost of Material (Round to two places, ##*****) 70 71 80 Total cost of Conversion (Round to two places, ##.###.##) 81 Total cost to account for (Round to two places, ## ### ##) 82 ... FAQ 1 2 3 4 5 6 7 8 9 10 ReadyAccessibility investigate Type here to search O A: Format Panter Cipboard Insert Page Layout MS San Suri BIU Ju B m X A Font Work-in-Process - Beginning PB8784. Saved. Review View Hep === . 20 Whap Test ====Merge & Center B Alignment C r 10 Formulas Data A A A- D 11 12 M 13 14 15 o Search (Alt+ S%98 Number 16 17 January Conditional Format as Formatting Table- || 18 Present Value Tables W (1201) (12.02) (12.00) (12.01) (12.06) (12.06) (1207) + D X Insert Delete Format Cels pietro barbaglo 27 0 Autum FILM Sort & Find & Clear Fil-Su- Edeng Analys Anslyne J 2 TOP Sens t Seatty K 74F Partly sunny D - Comments L Share M O 4ING 12:33 PM 4/30/2022 2. Fle Home Insert Page Layout X Cul Copy Paste BIU Format Panter G18 Ju 1 2 3 4 5 6 15 16 17 18 19 28 29 30 31 32 41 42 43 44 45 54 55 56 57 58 67 68 69 70 71 80 81 82 Ready Cipboard A x C PB8784. Saved. Review View . Merge & Center Alignment [ r G H I See The Light Projected Income Statement For the Period Ending December 31, 20x1 25,000 lamps @ $15.00 @ $30.00 $23,000.00 (Commission per unit) $3.00 75,000.00 $ 90,000.00 $42,000.00 @ $2.00 50,000.00 92.000.00 Formulas Data A A A- A Font D Sales Cost of Goods Sold Gross Profit Selling Expenses: Fixed Variable Administrative Expenses Fixed Variable Total Selling and Administrative Expenses: Net Profil Current Assets Cash Accounts Receivable Inventory Raw Material Lamp Kits Made in Dressco | FAQ |1|2|3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Accessibility megle imesliga Type here to search O Ei 10 === == 19 Hep 2 Weap Test I See The Light Projected Balance Sheet As of December 31, 20x1 500 @ $16.00 n 11 12 13 14 G La S%978 Number 15 16 o Search (Alt+ 17 H Conditional Formatas Formatting - Taide- J $1,125,000.00 750.000.00 $375,000 00 190,000.00 $ 185,000.00 $ 34,710.00 67.500 00 8.000.00 18 Present Value Tables X + K L M x Insert Delene Format Cels 0 N Autum FILM Clear (?) 27 O Sort & Find & Filter - Select- 0 Edeng P pietro barbaglo Anslyme Aali R Humid TOP Sensitivity Seatty S D Comments T - 4x ENG U Share 12:20 PM 4/30/2022 2. Home X Cut [Copy File Insert Page Layout MS Sans Serif Paste BIU 82 Ju D C D 67 68 69 Total cost of Material (Round to two places, ## ### ##) 70 71 80 Total cost of Conversion (Round to two places, #.###.##) 81 Total cost to account for (Round to two places, ## ### ## 82 83 84 93 Cost per equivalent unit of Material (Round to two places, www.ww) 94 95 96 Cost per equivalent unit of Conversion (Round to two places, ### ##) 97 106 107 108 109 110 119 Cost of the ending inventory, material and convesion (Round to two places, $#*#* **** **** | 120 121 122 123 124 125 126 127 Cost of the units transferred, material and convesion (Round to two places, $### ### ## ) 128 129 130 131 14 15 16 ... FAQ 1 2 3 4 5 6 7 8 9 10 11 12 13 ReadyAccessibility investigate = Type here to search O G a Format Panter Cipboard m X PB8784. Saved. Review === === 19 A Fant Formulas Data 10 A A View Hep . S Alignment C 8 2 Weap Test Merge & Center r o Search (Alt+ = Conditional Format as Formatting - Taide- || (12.06) (12.06) (1207) (12.08) (1209) (12.10 (12.11) S%978 Number 17 G 18 Present Value Tables W + D x Insert Delete Format Cels pietro barbaglo 27 0 Autum FILM Sort & Find & Clear Fil-Su- Edeng Analys Anslyne J P. OneDrive Screenshot saved The screenshot was added to your OneDrive. 74F Partly sunny 4x ENG 1232 PM 4/30/2022 2 TOP Sens t Seatty K Comments L Share M 2. Fle Home Insert Page Layout X Cul Copy Parte BIU A Format Panter Fant G18 Ju D 45 51 55 56 5/ 58 67 68 69 70 71 80 81 Cipboard A x Current Assets Cash Formulas Data 10 Accounts Receivable Inventory Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets Current Liabilities Fixed Assets A A === B. === A- 19 PB8784. Saved. Review View Hep C 20Weap Test S Merge & Center Alignment r G I See The Light Projected Balance Sheet As of December 31, 20x1 500 @ $16.00 0 3000 @ $30.00 82 83 84 93 94 95 96 97 108 107 108 109 110 119 Accounts Payable Total Liabilities 120 121 Stockholder's Equity 122 Common Slock 123 Retained Famnings 124 Total Stockholder's Equity 125 Total Liabilities and Stockholder's Equity 128 FAQ 12 | 4| 5|0| 7 | 8 | 9 | 10 | 3 11 12 13 ReadyAccessibility investigate Type here to search O G H S%978 Number $ 20,000.00 6,800.00 $ 12,000.00 147,410 00 14 15 16 o Search (Alt+ 17 Conditional Formatas Formatting - Taide- I J S 31,710.00 67,500.00 8,000.00 90,000.00 $ 200,210.00 13,200.00 $ 213,410.00 54,000.00 $ $ 54,000.00 159,410.00 $ 213,410.00 18 Present Value Tables|| X W K L M D x Insert Delene Format Cels 0 N Autum FILM Clear (?) 27 O Sort & Find & Filter - Select- 0 Edeng P pietro barbaglo Anslyme Aali R Humid TOP Sens t Seatty S Comments T - U DENG 12:20 PM 4 4/30/2022 Share O o Formulas Data X Cut 10A A === B. &-A- 2 Weap Test Merge & Carter Copy - Format Panter Caphers == S%978 S Alignment Number A B C D E G H I J 13 Process Costing - Weighted Average 14 15 General Information 16 17 The I See The Light Company has a related company that produces the figurines. They use process costing 25 in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars. 28 The material is added at the beginning of the process. The labor and overhead costs are assumed 27 to be added uniformly throughout. 28 29 3/ 38 39 40 Month of January 41 48 Selected information for January is presented below. Note that the applied overhead rate was 50 50% of direct labor costs in the molding department. 51 52 53 Molding Department 61 82 Goods in process as of January 1 were 2,000 figurines at a cost of $21,188.50. Of this amount, $4,258.00 was from 63 raw materials added, $11,275.00 for labor and $5,637.50 for overhead. These 2,800 figurines were assumed to be 64 25.00% complete as to labor and overhead 85 73 During January, 22,000 units were started, $36,416.00 of materials and $40,525.00 of labor costs were incurred. 74 75 The 7,000 figurines that were in process at the end of January were assumed to be 10.00 % complete to 76 labor and overhead. 77 95 All figurines in January passed inspection 06 87 88 ... | FAQ | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 8 9 10 11 12 13 14 15 16 ReadyAccessibility investigate = Type here to search O G Fle Parte L13 2. Home Insert Page Layout MS Sans Seri BIU Jo A Fant PB8784. Saved. Review View Hep 8 17 Search (Ab+) K E Conditional Format as Formatting Table- 18 Present Value Tables X W M + N D P x Insert Delene Format Cels R Q Autum FILM Clear 2 S 27 0 Sort & Find & Fil-Su- Edeng pietro barbaglo Anslyme Acas U TOP Sensitivity Sensitivity V T 74F Partly sunny D Comments X W 0 -- 4 ENG 12:31 PM 4/30/2022 Share Y 115% Insert Page Layout MS Sans Serif BIU 2. PB8784. Saved. Fle Home Formulas Data Review View Hep X Cul 10A A === . 2 Weap Test Merge & Center Parte 8 3 A- == S%978 Cipboard Fant Alignment Number J33 Ju A B D C F G H 17 The projected cost of a lamp is calculated based upon the projected increases or decreases to 18 current costs. The present costs to manufacture one lamp are: 19 20 Lamp Kit $16.0000000 per lamp 32 Direct Labor 20000000 per lamp (4 lamps/hr) 33 Variable Overhead: 2.0000000 per lamp 34 Fixed Overhead 10.0000000 per lamp (based on normal capacity of 25,000 lamps) 35 45 Cost per lamp: $30.0000000 per lamp 46 47 Expected increases for 20x2 48 When calculating projected increases round to TWO ($0.00) decimal places. 49 59 1. Material Costs are expected to increase by 6.50% 60 61 2. Labor Costs are expected to increase by 6.50% 62 3. Variable Overhead is expected to increase by 2.50%. 73 74 4. Fixed Overhead is expected to increase to $290,000 75 76 5. Fixed Administrative expenses are expected to increase to $44,000. 77 87 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 2.50% 88 89 90 7. Fixed selling expenses are expected to be $29,000 in 20x2. 91 101 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 4.00%. 102 103 104 On the following schedule develop the following figures: 105 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp ... | FAQ | 1|2|3 4| 5| 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 17 ReadyAccessibility investigate Type here to search O G Copy Format Painter o Search (Alt+ 8 Conditional Format as Formatting - Taide- I 18 Present Value Tables X W + J K L D x Insert Delene Format Cels M N Autum FILM Clear (?) 27 O Sort & Find & Fitur Sales- P Edeng 0 pietro barbaglo Anslyme TOP Sensitivity Analys Seatty Q R Humid - Comments S T ING 12:27 PM 4x 4/30/2022 Share