Lurvey, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2021. (Click the icon to see the account classification.) Lurvey, Inc., produced 70,000 units of product in 2021. Lurvey's management is estimating costs for 2022 on the basis of 2021 numbers. The following additional information is available for 2022. (Click the icon to see the additional information.) Account classification Additional information Account Classification Amount Direct materials All variable $ All variable 350,000 280,000 70,000 All variable Direct manufacturing labour Power Supervision labour Materials-handling labour a. Direct materials prices in 2022 are expected to increase by 8% compared with 2021. b. Under the terms of the labour contract, direct manufacturing labour wage rates are expected to increase by 12% in 2022 compared with 2021. c. Power rates and wage rates for supervision, materials handling, and maintenance are not expected to change from 2021 to 2022. d. Depreciation costs are expected to increase by 8%, and rent, property taxes, and administration costs are expected to increase by 12%. e. Lurvey expects to manufacture and sell 75,000 units in 2022. 15% variable 70,000 60% variable 52,500 Maintenance labour 50% variable 70,000 0% variable 88,000 Depreciation Rent, property taxes, and administration 0% variable 90,000 Print Done Print Dono Requirement 1. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2022. Estimate total manufacturing costs for 2022. To assist you, begin by selecting the formula to calculate the variable cost for each account in 2022. Variable unit [( ) / ]]x = cost in 2022 Now calculate the variable unit cost in 2022. (Round the unit cost to the nearest cent. Complete all answer boxes. If an account does not have a variable unit cost, enter 0.) Variable unit Account cost in 2022 Direct materials Direct manufacturing labour Power Supervision labour Materials-handling labour Maintenance labour Depreciation Rent, prop. taxes, and admin. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2022. (Round the costs to the nearest dollar. Complete all answer boxes. Enter a zero if the account does not have a balance.) Total variable Total fixed Total costs Account costs in 2022 costs in 2022 in 2022 Direct materials Direct manufacturing labour Power Supervision labour Materials-handling labour Maintenance labour Depreciation Rent, prop. taxes, and admin. Rent, prop. taxes, and admin. Total Requirement 2. Calculate Lurvey's total manufacturing cost per unit in 2021 and estimate total manufacturing cost per unit in 2022. Begin by determining the formula to calculate the total manufacturing cost per unit, and then enter the amounts in the formula. (Round the unit cost to the nearest cent.) Total mfg. cost per unit 2021 Course Home 2022 per unit Requirement 3. How can you obtain better estimates of fixed and variable costs? Why would these better estimates be useful to Lurvey? Cost classification into variable and fixed costs is based on analysis. Lurvey may want to undertake analysis of costs, using to better estimate the fixed and variable components of costs. Better knowledge of fixed and variable costs will help Lurvey to