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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Posted on Sep 27, 2024

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:
1. What is the total product cost?
2. What is the total period cost?
With respect to cost classifications for assigning costs to cost objects:
1. What is total direct manufacturing cost?
2. What is the total indirect manufacturing cost?
With respect to cost classifications for manufacturers:
1. What is the total manufacturing cost?
2. What is the total nonmanufacturing cost?
3. What is the total conversion cost and prime cost?
With respect to cost classifications for predicting cost behavior:
1. What is the total variable manufacturing cost?
2. What is the total fixed cost for the company as a whole?
3. What is the variable cost per unit produced and sold?
With respect to cost classifications for decision making:
1. 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?