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Direct Materials $84,000 Direct Labor $42,000 Variable Manufacturing Overhead $21,000 Fixed Manufacturing Expense $32,500 Total Manufacturing Expense $53,500 Variable Selling Expense $15,000 Fixed Selling Expense
Direct Materials | $84,000 | |
Direct Labor | $42,000 | |
Variable Manufacturing Overhead | $21,000 | |
Fixed Manufacturing Expense | $32,500 | |
Total Manufacturing Expense | $53,500 | |
Variable Selling Expense | $15,000 | |
Fixed Selling Expense | $24,000 | |
Total Selling Expense | $39,000 | |
Variable Admin Expense | $5,500 | |
Fixed Admin Expense | $28,000 | |
Total Admin Expense | $33,500 |
- With respect to cost classifications for preparing financial statements:
- What is the total product cost?
- What is the total period cost?
- With respect to cost classifications for assigning costs to cost objects:
- What is total direct manufacturing cost?
- What is the total indirect manufacturing cost?
- With respect to cost classifications for manufacturers:
- What is the total manufacturing cost?
- What is the total nonmanufacturing cost?
- What is the total conversion cost and prime cost?
- With respect to cost classifications for predicting cost behavior:
- What is the total variable manufacturing cost?
- What is the total fixed cost for the company as a whole?
- What is the variable cost per unit produced and sold?
- With respect to cost classifications for decision making:
- 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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