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Loucraft, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for Loucraft, Inc., produced 77,500 units of product
Loucraft, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for Loucraft, Inc., produced 77,500 units of product in 2017. Loucraft's management is estimating costs for 2018 on the basis of the year ended December 31, 2017. 2017 numbers. The following additional information is available for 2018. (Click the icon to see the account information.) i (Click the icon to see the additional information.) Read the requirements. Depreciation Rent, prop. taxes, and admin. 0 0 Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2018. (Round the costs to the nearest dollar. Complete all answer boxes. Enter a zero if the account does not have a balance.) Account Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, prop. taxes, and admin. Total Total variable i Data Table costs in 2018 Enter any number in the edit fields and then click parts More Info Account Direct materials Classification Amount a. Direct materials prices in 2018 are expected to increase by 4% compared with 2017. Direct manufacturing labor Power Supervision labor Materials-handling labor All variable All variable 25% variable 60% variable All variable $ 271,250 193,750 19,375 31,000 62,000 b. Under the terms of the labor contract, direct manufacturing labor wage rates are expected to increase by 4% 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 12%. e. Loucraft expects to manufacture and sell 87,500 units in 2018. Maintenance labor 50% variable 69,750 Depreciation 0% variable 98,000 Print Done Rent, property taxes, and administration 0% variable 120,000 Print Done Chook Annuar ?
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