Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On Loverat, no a mantener of plaste produto coperto the totoong manufacturing con taccount alyan Lowe, ne, pred 72.500 opening the 2011 on the the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
On Loverat, no a mantener of plaste produto coperto the totoong manufacturing con taccount alyan Lowe, ne, pred 72.500 opening the 2011 on the the year anded December , basis of 1020mbers. The following information is 2001 m Cho the con to see the count) Click the icon to the additional formation Read there Requirements. Prepare schede wate, tras, and totalmente contato each country in 2021. El manufacturing costs for 2021 To wsi you, begin by writing the formule to the variable cost for each account in 2021 Variable coin 2001 Data Table Account Classification Amount 326,250 All variable $ All variable All variable 217,500 Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, property taxes, and administration 15% variable 40% variable 54,375 72,500 72,500 72,500 95,000 95,000 40% variable 0% variable 0% variable Print Done 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 10% 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 6%, and rent, property taxes, and administration costs are expected to increase by 11%. c. Loucraft expects to manufacture and sell 80,000 units in 2021. Print Done * Requirements 1. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2021. Estimate total manufacturing costs for 2021. 2. Calculate Loucraft's total manufacturing cost per unit in 2020, and estimate total manufacturing cost per unit in 2021. 3. How can you obtain better estimates of fixed and variable costs? Why would these better estimates be useful to Loucraft? Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Of EPAs Fiscal 2013 And 2012 Consolidated Financial Statements

Authors: U.S. Environmental Protection Agency

1st Edition

1500696218, 978-1500696214

More Books

Students also viewed these Accounting questions

Question

1. Have all inventories been itemised and costed?

Answered: 1 week ago

Question

What must a creditor do to become a secured party?

Answered: 1 week ago

Question

Identify the different methods employed in the selection process.

Answered: 1 week ago

Question

Demonstrate the difference between ability and personality tests.

Answered: 1 week ago