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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 the 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 nonmanufocturing cost?
c What is the total conversion cost and prime cost?
With respect to cost classifications for predicting cost behaviour:
a What is the total variable manufacturing cost?
b What is the total fixed cost for the company os a whole?
c What is the variable cost per unit produced and sold?
If Dozier produced units instead of units, how much incremental manufacturing cost would they incur to make the
additional units?
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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?Dozier Company produced and sold units during its first month of operations. It reported the following costs and expenses for the month:
Item Amount
Direct materials $
Direct labour
Variable manufacturing overhead indirect materials
Fixed manufacturing overhead depreciation equipment
Variable selling expense commissions
Fixed selling expense sales staff salaries
Variable administrative expense parttime staff, hourly wages
Fixed administrative expense fulltime staff, salaries
Required:
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 the 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 behaviour:
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?
If Dozier produced units instead of units, how much incremental manufacturing cost would they incur to make the additional units?
With respect to cost classifications for preparing financial statements:
a What is the total product cost?
b What is the total period cost?
a Total product cost
b Total period cost
With respect to cost classifications for assigning costs to cost objects:
a What is the total direct manufacturing cost?
b What is the total indirect manufacturing cost?
a Total direct manufacturing cost
b 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?
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a Total manufacturing cost
b Total nonmanufacturing cost
c Total conversion cost
Total prime cost
With respect to cost classifications for predicting cost behaviour:
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?
Note: Round your answer to the nearest whole dollar amount.
Show less
a Total variable manufacturing cost
b Total fixed cost
c Variable cost per unit produced and sold
If Dozier produced units instead of units, how much incremental manufacturing cost would they incur to make the additional units?
Incremental manufacturing cost
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