%E10-26 (similar to) Question Help Harrold, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2017 (Click the icon to see the account information.) Harrold, Inc., produced 70,000 units of product in 2017. Harrold's management is estimating costs for 2018 on the basis of 2017 numbers. The following additional information is available for 2018. (Click the icon to see the additional information.) Read the requirements, TU ASSISt you, voyi uy Sell My nie romuid w calculate e vanavie CUSUTUI Vali DCCOUNT I ZUTU. 2017 2018 Variable unit Total cost Variable % of cost ) + Total units prod. 13 100% + % increase = cost in 2018 Now calculate the variable unit cost in 2018. (Round the unit cost to the nearest cent. Complete all input fields. If an account does not have a variable unit cost, enter 0.) Variable unit cost In 2018 Account Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, prop. taxes, and admin. Enter any number in the edit fields and then click Check Answer. ? a. Direct materials prices in 2018 are expected to increase by 8% compared with 2017. b. Under the terms of the labor contract, direct manufacturing labor wage rates are expected to increase by 12% in 2018 compared with 2017. C. Power rates and wage rates for supervision, materials handling, and maintenance are not expected to change from 2017 to 2018. d. Depreciation costs are expected to increase by 9%, and rent, property taxes, and administration costs are expected to increase by 10%. e. Harrold expects to manufacture and sell 80,000 units in 2018. 1. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2018. Estimate total manufacturing costs for 2018. 2. Calculate Harrold's total manufacturing cost per unit in 2017, and estimate total manufacturing cost per unit in 2018. 3. How can you obtain better estimates of fixed and variable costs? Why would these better estimates be useful to Harrold? i X Data Table Account Classification Amount All variable $ 367,500 Direct materials Direct manufacturing labor All variable 297,500 Power All variable 87,500 20% variable 70,000 Supervision labor Materials-handling labor 60% variable 35,000 Maintenance labor 40% variable 70,000 Depreciation 0% variable 95,000 Rent, property taxes, and administration 0% variable 90,000