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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 | $ 70,000 | |
---|---|---|
Direct labor | $ 35,500 | |
Variable manufacturing overhead | $ 15,400 | |
Fixed manufacturing overhead | 28,300 | |
Total manufacturing overhead | $ 43,700 | |
Variable selling expense | $ 12,200 | |
Fixed selling expense | 18,400 | |
Total selling expense | $ 30,600 | |
Variable administrative expense | $ 4,100 | |
Fixed administrative expense | 25,200 | |
Total administrative expense | $ 29,300 |
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?
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