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Loucraft Inc. a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2017. Court allalysis
Loucraft Inc. a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2017.
Court allalysis Classidul Ue yeal endeu the account information.) is esumaling costs for 2018 on the basis of 2017 nu additional information is available for 2018. (Click the icon to see the additional information Read the requirements. More Info a. Direct materials prices in 2018 are expected to increase by 4% compared with 2017 b. Under the terms of the labor contract, direct manufacturing labor wage rates are expected to increase by 8% 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. Loucraft expects to manufacture and sell 77,500 units in 2018 Print Done abor E or enter any number in the input fields and then continue to the next question. LU A Data Table Account Classification Amount Direct materials All variable $ 367,500 297,500 All variable All variable 87,500 20% variable 70,000 Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, property taxes, and administration 60% variable e, fixed unt dod 35,000 70,000 Bres 40% variable TO 0% variable 94,000 120,000 0% variable CO Print Done er any number in the input fields and then continue to the next Step by Step Solution
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