Requirement 1. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2018.

Estimate total manufacturing costs for 2018.

To assist you, begin by selecting the formula to calculate the variable cost for each account in 2018.

	2017						2018		Variable unit
[ (	Total cost	x	Variable % of cost	) /	Total units prod.	] x	100% + % increase	=	cost in 2018

Now calculate the variable unit cost in

20182018.

(Round the unit cost to the nearest cent. Complete all answer boxes. If an account does not have a variable unit cost, enter 0.)

	Variable unit
Account	cost in 2018
Direct materials	?????
Direct manufacturing labor	?????
Power	?????
Supervision labor	?????
Materials-handling labor	?????
Maintenance labor	?????
Depreciation	?????
Rent, prop. taxes, and admin.	?????

Harold, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account Harrold, Inc., produced 77,500 units of product in 2017. Harrold's management is estimating costs for analysis classification for the year ended December 31, 2017 2018 on the basis of 2017 numbers. The following additional information is available for 2018. EEE (Click the icon to see the account information.) (Click the icon to see the additional information.) Read the requirements. Requirement 1. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2018. Estimate total manufacturing costs for 2018 To assist you, begin by selecting the formula to calculate the variable cost for each account in 2018. Variable unit x Variable of cost Total units prod. x 100% increase cost in 2018 Total cost Now calculate the variable unit cost in 2018. (Round the unit cost to the nearest cent. Complete all answer boxes. If an account does not have a variable unit cost, enter 0.) Variable unit Account cost in 2018 More info 311850 Direct materials 231000 Direct manufacturing labor a. Direct materials prices in 2018 are expected to increase by 8% compared with 2017 20625 Power b. Under the terms of the labor contract, direct manufacturing labor wage rates are expected to increase 8250 Supervision labor by 12% in 2018 compared with 2017. 39600 c. Power rates and wage rates for supervision, materials handling, and maintenance are not expected to change from 2017 to 2018. 37125 Maintenance labor d. Depreciation costs are expected to increase by 9%, and rent, property taxes, and administration Depreciation costs are expected to increase by 10%. e. Harrold expects to manufacture and sell 82,500 units in 2018. Rent, prop. taxes, and admin. Print Done