Business, 05.03.2021 17:30 emileep13

The accounting records for Portland Products report the following manufacturing costs for the past year:Direct materials$315,000Direct labor$262,500Variable overhead$231,000Production was 150,000 units. Fixed manufacturing overhead was $270,000.For the coming year, costs are expected to increase as follows: direct materials costs by 20%, excluding any effect of volume changes; direct labor by 4%; and fixed manufacturing overhead by 10%. Variable manufacturing overhead per unit is expected to remain the same. RequiredPrepare a cost estimate for a volume level of 120,000 units of product this year. Determine the costs per unit for last year and for this year.

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The accounting records for Portland Products report the following manufacturing costs for the past y...