Gomam, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2020 (Click the icon to see the account information) Gorham, Inc, produced 72.500 units of product in 2020 Gorham's management is estimating costs for 2021 on the basis of 2020 numbers. The following additional information is available for 2021. (Oick the icon to see the additional information) Read the maurements 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 as you begin by selecting the formula to calculate the variable cost for each account in 2024 Requirements Vartable unit Data table cost in 2021 Account Direct materials Direct manufacturing labor t. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2021. Esamate total manufacturing costs for 2021 2 Calculate Gotham's total manufacturing cost per unit in 2020, and t 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 Germam? Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, property taxes, and administration Print Done Classification Amount All variable 5 290,000 Atanabe All variable 181.250 30,250 20% variable 43.500 50% variable 72.500 50% variable 56.000 0% variatio 06,000 0% variable 120,000 Print Done x Gorham, Inc, a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2020. Click the icon to see the account information) Gorham, Inc., produced 72,500 units of product in 2020: Gorham's management is estimating coets for 2021 on the basis of 2020 numbers. The folowing additional information is available for 2021. (Click the loon 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 2021. Estimate total manufacturing costs for 2021 To asset you, begin by selecting the formula to calculate the variable cost for each account in 2021 Data table ost in 2021 Requirements 1. Prepare a schedule of variable, fleed, 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 20211 3. How can you obtain better estimates of fixed and variable costs? Why would these better estimates be useful to Gorham? Account Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rant, property taxes, and administration Classification All Amount 200.000 Alvanat 181,250 All variab 36.250 20% variable 43.500 50% vable 72.500 50% variable 58,000 o vartable 90.000 0% variable 120,000 Gorham, Inc, a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2020. Click see the account information) Gorham, proced 72,500 units of product in 2020. Gohan's management timing costs for 201 the basis of 2020 numbers. The following additional information is at for 2021 (Ok the icon to see the adson information) Read the aurements 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 calculate the variable cost for each account in 2021 Variable unit colin 2001 Data table Classification Amount All variable $ 290,000 More info a Direct materials prices in 2021 are expected to increase by 8% 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 e. Power rates and wage rates for supervision, materials handing, and maintenance are not expected to change from 2000 to 2021 d. Depreciation costs are expected to increase by 6% and rent, property taxes, and administration costs are expected to increase by 9% Gorham expects to manufacture and sell 82.500 units in 2021 Account Direct materials Direct manufacturing labor Power Supervision labor All vaatle All variable 20% vanable 181.250 30,250 43.500 Materials-handling labor 50% variable 72.500 Maintenance labor 50% variable 58.000 Depreciation 0% variable 96,000 Rent, property taxes, and administration 0% variable 120,000 Print Done Print Done Requirements 1. Prepare a schedule of variable, fxed, 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