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Dozier Company produced and sold 1 , 0 0 0 units during its first month of operations. It reported the following costs and expenses for
Dozier Company produced and sold units during its first month of operations. It reported the following costs and expenses for the month: Required: With respect to cost classifications for preparing financial statements: a What is the total product cost? b What is the total period cost? With respect to cost classifications for assigning costs to cost objects: a What is total direct manufacturing cost? b What is the total indirect manufacturing cost? With respect to cost classifications for manufacturers: a What is the total manufacturing cost? b What is the total nonmanufacturing cost? c What is the total conversion cost and prime cost? With respect to cost classifications for predicting cost behavior: a What is 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? With respect to cost classifications for decision making: a If Dozier had produced units instead of units, how much incremental manufacturing cost would it have incurred to make the additional unit? Complete this question by entering your answers in the tabs below.
Dozier Company produced and sold units during its first month of operations. It reported the following costs and expenses for
the month:
Required:
With respect to cost classifications for preparing financial statements:
a What is the total product cost?
b What is the total period cost?
With respect to cost classifications for assigning costs to cost objects:
a What is total direct manufacturing cost?
b What is the total indirect manufacturing cost?
With respect to cost classifications for manufacturers:
a What is the total manufacturing cost?
b What is the total nonmanufacturing cost?
c What is the total conversion cost and prime cost?
With respect to cost classifications for predicting cost behavior:
a What is 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?
With respect to cost classifications for decision making:
a If Dozier had produced units instead of units, how much incremental manufacturing cost would it have incurred to
make the additional unit?
Complete this question by entering your answers in the tabs below.
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