Loucraft, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2017.

Loucraft, Inc., produced 77,500 units of product in 2017.

Loucrafs management is estimating costs for 2018 on the basis of 2017 numbers. The following additional information is available for 2018.

1.	Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 20182018. Estimate total manufacturing costs for 20182018.
2.	Calculate LoucraftLoucraft's total manufacturing cost per unit in 20172017, and estimate total manufacturing cost per unit in 20182018.
3.	How can you obtain better estimates of fixed and variable costs? Why would these better estimates be useful to LoucraftLoucraft?

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Data Table 1 Account Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, property taxes, and administration Classification Amount All variable $ 290,625 232,500 58,125 62,000 77,500 77,500 98,000 125,000 All variable All variable 15% variable 50% variable 50% variable 0% variable 0% variable Print Done Data Table 1 Account Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, property taxes, and administration Classification Amount All variable $ 290,625 232,500 58,125 62,000 77,500 77,500 98,000 125,000 All variable All variable 15% variable 50% variable 50% variable 0% variable 0% variable Print Done