Question: Asking about this question below. please give me detail solutions. Question 3 {30 marks[ Simmons Manufacturing reports the following costs and classifications for the fiscal

Asking about this question below. please give me detail solutions.

Asking about this question below. please give me
Question 3 {30 marks[ Simmons Manufacturing reports the following costs and classifications for the fiscal year 2020 for 3,000,000 units. Account Classication Amount Direct materials 100% variable 5 2,000,000 Direct manufacturing labor 100% variable 3,500,000 Supplies 60% variable 1,000,000 Electricity 85% variable 855,000 Maintenance 50% variable 950,000 Inspection 25% variable 500,000 Depreciation 0% variable 675,000 lease costs 100% variable 1,200,000 You are the budget accountant and have been asked to prepare the budget for fiscal year 2021. The following information is relevant for the 2021 budget: I All costs, with the exception of lease and depreciation costs, will increase by 3% I Due to a new leasing agreement to take effect in 2021, leasing costs will decrease by 5% I Depreciation is expected to increase by 2%. I The company plans to produce 3,500,000 units in 2021. Required Report the cost function for the scal year 2021

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