x Loucraft, Inc., a manufacturer of plastic products, reports the following manufacturing costs Loucraft, Inc., produced 72,500 units of product in 2017. Loucraft's management is and account analysis classification for the year ended December 31, 2017. estimating costs for 2018 on the basis of 2017 numbers. The following additional information (Click the icon to see the account information.) is available for 2018. (Click the icon to see the additional information.) Read the requirements, 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. Variable 2017 2018 unit ( Total cost Variable % of cost ) + Total units prod. 1 x 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 Direct materials Direct manufacturing labor Power Supervision labor Materials-handlina labor Enter any number in the edit fields and then click Check Answer. ? X Loucraft, Inc., a manufacturer of plastic products, reports the following manufacturing costs Loucraft, Inc., produced 72,500 units of product in 2017. Loucraft's management is and account analysis classification for the year ended December 31, 2017. estimating costs for 2018 on the basis of 2017 numbers. The following additional information (Click the icon to see the account information.) is available for 2018. (Click the icon to see the additional information.) Read the requirements. Variable 2017 2018 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 O.) Variable unit Account cost in 2018 Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Enter any number in the edit fields and then click Check Answer. X i Data Table - Account Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, property taxes, and administration Classification Amount All variable $ 326,250 All variable 217,500 All variable 54,375 15% variable 72,500 40% variable 72,500 40% variable 72,500 0% variable 92,000 0% variable 95,000 Print Done X i Requirements 1. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2018. Estimate total manufacturing costs for 2018. 2. Calculate Loucraft's total manufacturing cost per unit in 2017, and estimate total manufacturing cost per unit in 2018. 3. How can you obtain better estimates of fixed and variable costs? Why would these better estimates be useful to Loucraft? Print Done x Loucraft, Inc., a manufacturer of plastic products, reports the following manufacturing costs Loucraft, Inc., produced 72,500 units of product in 2017. Loucraft's management is and account analysis classification for the year ended December 31, 2017. estimating costs for 2018 on the basis of 2017 numbers. The following additional information (Click the icon to see the account information.) is available for 2018. (Click the icon to see the additional information.) Read the requirements, 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. Variable 2017 2018 unit ( Total cost Variable % of cost ) + Total units prod. 1 x 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 Direct materials Direct manufacturing labor Power Supervision labor Materials-handlina labor Enter any number in the edit fields and then click Check Answer. ? X Loucraft, Inc., a manufacturer of plastic products, reports the following manufacturing costs Loucraft, Inc., produced 72,500 units of product in 2017. Loucraft's management is and account analysis classification for the year ended December 31, 2017. estimating costs for 2018 on the basis of 2017 numbers. The following additional information (Click the icon to see the account information.) is available for 2018. (Click the icon to see the additional information.) Read the requirements. Variable 2017 2018 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 O.) Variable unit Account cost in 2018 Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Enter any number in the edit fields and then click Check Answer. X i Data Table - Account Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, property taxes, and administration Classification Amount All variable $ 326,250 All variable 217,500 All variable 54,375 15% variable 72,500 40% variable 72,500 40% variable 72,500 0% variable 92,000 0% variable 95,000 Print Done X i Requirements 1. Prepare a schedule of variable, fixed, and total manufacturing costs for each account category in 2018. Estimate total manufacturing costs for 2018. 2. Calculate Loucraft's total manufacturing cost per unit in 2017, and estimate total manufacturing cost per unit in 2018. 3. How can you obtain better estimates of fixed and variable costs? Why would these better estimates be useful to Loucraft? Print Done