Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Required: 1. With respect to cost classifications for preparing financial statements: 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? Required: 1. With respect to cost classifications for preparing financial statements: 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 indirect manufacturing cost? 3. 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? 4. 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 nroduced and sold? a. What is total direct manufacturing cost? b. What is the total indirect manufacturing cost? 3. 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? 4. 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? 5. With respect to cost classifications for decision making: a. 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? 1a. The total product cost is computed as tollows: 1b. The total period cost is computed as follows: 2a. The total direct manufacturing cost is computed as follows: 2b. The total indirect manufacturing cost is computed as follows: 3a. The total manufacturing cost is computed as follows: 3b. The total nonmanufacturing cost is computed as follows: 3c. The total conversion cost is computed as follows: The total prime cost is computed as follows: 4a. The total variable manufacturing cost is computed as follows: 4b. The total amount of fixed cost for the company as a whole is computed as follows: Problem 1-24 (continued) 4c. The variable cost per unit produced and sold is computed as follows: 5a. The incremental manufacturing cost is computed as follows: Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Required: 1. With respect to cost classifications for preparing financial statements: 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? Required: 1. With respect to cost classifications for preparing financial statements: 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 indirect manufacturing cost? 3. 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? 4. 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 nroduced and sold? a. What is total direct manufacturing cost? b. What is the total indirect manufacturing cost? 3. 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? 4. 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? 5. With respect to cost classifications for decision making: a. 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? 1a. The total product cost is computed as tollows: 1b. The total period cost is computed as follows: 2a. The total direct manufacturing cost is computed as follows: 2b. The total indirect manufacturing cost is computed as follows: 3a. The total manufacturing cost is computed as follows: 3b. The total nonmanufacturing cost is computed as follows: 3c. The total conversion cost is computed as follows: The total prime cost is computed as follows: 4a. The total variable manufacturing cost is computed as follows: 4b. The total amount of fixed cost for the company as a whole is computed as follows: Problem 1-24 (continued) 4c. The variable cost per unit produced and sold is computed as follows: 5a. The incremental manufacturing cost is computed as follows
