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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:
marks
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:
marks
a What is the total direct manufacturing cost?
b What is the total indirect manufacturing cost?
With respect to cost classifications for manufacturers: marks
a What is the total manufacturing cost assume there are no
opening or closing balances for WIP inventories
b What is the total nonmanufacturing cost?
c What is the total conversion cost and prime cost?
With respect to cost classification for predicting cost behaviour:
marks
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?
If Dozier produced units instead of units, how much
incremental manufacturing cost would they incur to make the additional
units? marks
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