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Morin, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31,2020. (Click the icon
Morin, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31,2020. (Click the icon to see the account information.) Morin, Inc., produced 80,000 units of product in 2020. Morin's management is estimating costs for 2021 on the basis of 2020 numbers. The following additional information is available for 2021. (Click the icon to see the additional information.) Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2021. (Round the costs to the nearest dollar. Complete all input fields. Enter a zero if the account does not have a balance.) Data table a. Direct materials prices in 2021 are expected to increase by 8% compared with 2020 . b. Under the terms of the labor contract, direct manufacturing labor wage rates are expected to increase by 12% in 2021 compared with 2020. c. Power rates and wage rates for supervision, materials handling, and maintenance are not expected to change from 2020 to 2021. d. Depreciation costs are expected to increase by 8%, and rent, property taxes, and administration costs are expected to increase by 11%. e. Morin expects to manufacture and sell 85,000 units in 2021. Morin, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31,2020. (Click the icon to see the account information.) Morin, Inc., produced 80,000 units of product in 2020. Morin's management is estimating costs for 2021 on the basis of 2020 numbers. The following additional information is available for 2021. (Click the icon to see the additional information.) Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2021. (Round the costs to the nearest dollar. Complete all input fields. Enter a zero if the account does not have a balance.) Data table a. Direct materials prices in 2021 are expected to increase by 8% compared with 2020 . b. Under the terms of the labor contract, direct manufacturing labor wage rates are expected to increase by 12% in 2021 compared with 2020. c. Power rates and wage rates for supervision, materials handling, and maintenance are not expected to change from 2020 to 2021. d. Depreciation costs are expected to increase by 8%, and rent, property taxes, and administration costs are expected to increase by 11%. e. Morin expects to manufacture and sell 85,000 units in 2021
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