Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $69,000direct labor $35,000variable manufacturing overhead $15,000fixed manufacturing overhead 28,000total manufacturing overhead $43,000variable selling expense $12,000fixed selling expense 18,000total selling expense $30,000variable administrative expense $4,000fixed administrative expense 25,000total administrative expense $29,000required: 1. with respect to cost classifications for preparing financial statements: a. what does the total product cost? b. what does the total period cost? 2. with respect to cost classifications for assigning costs to cost objects: a. what does the total direct manufacturing cost? b. what does the total indirect manufacturing cost? 3. with respect to cost classifications for manufacturers: a. what does the total manufacturing cost? b. what is the total nonmanufacturing cost? c. what is the total conversion cost and prime cost? 4. with respect to cost classifications for predicting cost behavior: a. what does the total variable manufacturing cost? b. what is the total fixed cost for the company as a whole? c. what is the variable cost per unit produced and sold? 5. with respect to cost classifications for decision making: a. if dozier had produced 1,001 units instead of 1,000 units, how much incremental manufacturing cost would it have incurred to make the additional unit?
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Dozier company produced and sold 1,000 units during its first month of operations. it reported the f...
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