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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
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 Direct labor Variable manufacturing overhead $83,000 $42,000 Tixed manufacturing overhead $20,600 32,200 Total manufacturing overhead 552,800 Variable selling expense $14,000 rised selling expense 23,600 Total selling expense $38,400 Variable administrative expense $5,400 Fixed administrative expense 27,800 Total administrative expense 533,200 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? 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? Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required Required S 1. With respect to cost classifications for preparing financial statements a. What is the total product cost? b. What is the total period cost? ta Total product cost th Total period oot Required 2> Required 1 Required 2 Required 3 Required 4 Required 5 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? 2a. Total direct manufacturing cost 2b. Total indirect manufacturing cost < Required 1 Required 3 > Required 1 Required 2 Required 3 Required 4 Required 5 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? 3a. Total manufacturing cost 3b. Total nonmanufacturing cost 3c. Total conversion cost 3c. Total prime cost Show less & Required 1 Required 2 Required 3 Required 4 Required 5 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? Note: Round your answer to the nearest whole dollar amount. 4a. Total variable manufacturing cost 4b. Total fixed cost 4c Variable cost per unit produced and sold Sh Required 1 Required 2 Required 3 Required 4 Required 5 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? Note: Round your answer to the nearest whole dollar amount. Sa. Incremental cost per unit produced Show less A
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