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Hi can i please get help from this please? total fixed cost in 2021 too please? To assist you, begin by selecting the formula to
Hi can i please get help from this please?
total fixed cost in 2021 too please?
To assist you, begin by selecting the formula to calculate the variable cost for each account in 2021. 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 10% 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 9%. e. Lurvey expects to manufacture and sell 85,000 units in 2021 . 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 Lurvey'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 Lurvey? Total variable Account costs in 2021 Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation 0 Rent, prop. taxes, and admin. TotalStep by Step Solution
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