please do all the requirements

Requirements

1. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2021. Estimate total manufacturing costs for 2021.

2. Calculate Gorham's total manufacturing cost per unit in 2020, and estimate total manufacturing cost per unit in 2021.

3. How can you obtain better estimates of fixed and variable costs? Why would these better estimates be useful to Gorham?

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Gorham, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31,2020 . Gorham, Inc., produced 72,500 units of produet in 2020. Gocharn's management is (Click the icon to see the account information.) estimating costs for 2021 on the bass of 2020 rumbers. The following additional information is evalable for 2021. (1) (Click the icon to see the additional infomution) Read the sequitements. Requirement 1. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2021. Estimate total manufacturing costs for 2021. To assist you, begin by selecting the formula to caloulate the variable cost for each account in 2021. ount information.) estimating costs for 2021 on the be information is available for 2021. (i) (Click the icon to see the addit Data table More info a. Direct materials prices in 2021 are expected to increase by 4% compared with 2020. b. Under the terms of the labor contract, direct manufacturing labor wage rates are expected to increase by 4% in 2021 compared with 2020. c. Power rates and wage rates for supervision, materials handling, and maintenance are not expected to change from 2020 to 2021. d. Depreciation costs are expected to increase by 9%, and rent, property taxes, and administration costs are expected to increase by 8%. e. Gorham expects to manufacture and sell 80,000 units in 2021 . Click the icon to see the account information.) estimating costs for 2021 on the basis 0 information is available for 2021. i. (Ciick the icon to see the additional Read the requirements. Requirements 1. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2021. Estimate total manufacturing costs for 2021. 2. Calculate Gorham's total manufacturing cost per unit in 2020, and estimate total manufacturing cost per unit in 2021. 3. How can you obtain better estimates of fixed and variable costs? Why would these better estimates be useful to Gorham