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Methods of Estimating Costs: Account Analysis  The accounting records for Miller Fixtures report the following production costs for the past year:

Methods of Estimating Costs: Account Analysis The accounting records for Miller Fixtures report the...

Production was 210,000 units. Fixed manufacturing overhead was $240,000.   For the coming year, costs are expected to increase as follows: direct materials costs by 20  per cent, excluding any effect of volume changes; direct labour by 4 per cent; and fi xed manufacturing overhead by 10 per cent. Variable manufacturing overhead per unit is expected to remain the same.

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Required   

 a. Prepare a cost estimate for a volume level of 220,000 units of product this year.    

b. Determine the costs per unit for last year and for this year.    

 
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