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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. $ 89,000 Direct labor $ 45,000 Variable manufacturing overhead Fixed manufacturing overhead $ 23,000 34,000 Total manufacturing overhead $ 57,000 Variable selling expense Fixed selling expense $ 16,000 26,000 Total selling expense $ 42,000 Variable administrative expense Fixed administrative expense $ 6,000 29,000 $ 35,000 Total administrative expense 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? Activate Windows Go to Settings to activate Window
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