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Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Direct materials

Dozier Company produced and sold 1,000 units during its first month of

operations. It reported the following costs and expenses for the month:

Direct materials

$69,000

Direct labor $35,000

Variable manufacturing overhead

$15,000

Fixed manufacturing overhead

28,000

Total manufacturing overhead

$43,000

Variable selling expense

$12,000

Fixed selling expense

18,000

Total selling expense

$30,000

Variable administrative expense

$4,000

Fixed administrative expense

25,000

Total administrative expense

$29,000

Required:

1.With respect to cost classification s for preparing financial state ment s:

a)What is the total product cost?

b)What is the total period cost?

2.With respect to cost classifications for assigning costs to cost objects:

a)What is total direct manufacturing cost ?

b)What is the total indirec t manu facturing cost?

3.With respect to cost classifications for manu facturers :

a)What is the total manufacturing cost?

b)What is the total nonmanufacturing cost?

c)What is the total conversion cost and prime cost?

4.With respect to cost classification s for predicting cost behavior:

a)What is the total variable manu factur ing 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?

5.With respect to cost classification s for decision making:

a) If Dozier had produced 1 ,00 I unit s instead of 1 ,000 units, how much incrementa l manufacturing cost would it have incurred to make the additional unit ?

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