Lurvey, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2017 : (Click the icon to see the account information.) Lurvey, Inc., produced 77,500 units of product in 2017. Lurvey's management is estimating costs for 2018 on the basis of 2017 numbers. The following additional information is available for 2018. (Click the icon to see the additional information.) Read the requirements Data Table - X More Info Account Direct materials Classification Amount All variable $ 290,625 All variable 232,500 Direct manufacturing labor Power All variable 58,125 a. Direct materials prices in 2018 are expected to increase by 8% 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 10%, and rent, property taxes, and administration costs are expected to increase by 11%. e. Lurvey expects to manufacture and sell 85,000 units in 2018 15% variable 62.000 Supervision labor Materials-handling labor Maintenance labor 50% variable 77,500 50% variable 77.500 0% variable 88,000 Depreciation Rent, property taxes, and administration 0% variable 125,000 Print Done Print Done Requirement 1. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2018. Estimate total manufacturing costs for 2018. To assist you, begin by selecting the formula to calculate the variable cost for each account in 2018. 2017 2018 Variable unit [C Total cost Variable % of cost )- Total units prod. ] * 100% + % increase cost in 2018 Now calculate the variable unit cost in 2018. (Round the unit cost to the nearest cent. Complete all input fields. If an account does not have a variable unit cost, enter 0.) Variable unit Account cost in 2018 $ 4.05 3.24 0.75 0.12 Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, prop. taxes, and admin 0.50 0.50 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 input fields. Enter a zero if the account does not have a balance.) Total variable Account costs in 2018 Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, prop. taxes, and admin Total