Gorham Gorham, Inc., a manufacturer of plasticproducts, reports the following manufacturing costs and account analysis classification for
Question:
Gorham
Gorham, Inc., a manufacturer of plasticproducts, reports the following manufacturing costs and account analysis classification for the year ended December31, 2017
2017.
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Gorham
Gorham, Inc., produced 75 comma 000
75,000 units of product in 2017
2017. Gorham
Gorham's management is estimating costs for 2018
2018 on the basis of 2017
2017 numbers. The following additional information is available for 2018
2018.
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.
Requirement 1. Prepare a schedule ofvariable, fixed, and total manufacturing costs for each account category in 2018
2018. Estimate total manufacturing costs for 2018
2018.
To assistyou, begin by selecting the formula to calculate the variable cost for each account in 2018
2018.
Variable unit
[ (
x
) /
] x
=
cost in 2018
Expert Answer:
