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 Variable unit 2018 100% + % increase Il Total cost X Variable % of cost / Total units prod. lx = cost in 2018 Now calculate the variable unit cost in 2018. (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 More Info cost in 2018 Account Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor 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 12% 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 8%, and rent, property taxes, and administration costs are expected to increase by 7%. e. Morin expects to manufacture and sell 77,500 units in 2018. Maintenance labor Depreciation Rent, prop. taxes, and admin. 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. 2018 Variable unit 2017 Variable % of cost Total cost X / Total units prod. 1x 100% + % increase = cost in 2018 Now calculate the variable unit cost in 2018. (Round the unit cost to the nea X P.) Data Table Variable unit cost in 2018 Account Classification Amount Direct materials Account Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor All variable $ Direct manufacturing labor All variable Power All variable 15% variable Maintenance labor 326,250 217,500 54,375 72,500 72,500 72,500 94,000 105,000 40% variable Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, property taxes, and administration Depreciation Rent, prop. taxes, and admin. 40% variable 0% variable 0% variable