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 $ 79,000 Direct labor $ 40,000 Variable manufacturing overhead $ 19,000 Fixed manufacturing overhead 31,000 Total manufacturing overhead $ 50,000 Variable selling expense $ 14,000 Fixed selling expense 22,000 Total selling expense $ 36,000 Variable administrative expense $ 5,000 Fixed administrative expense 27,000 Total administrative expense $ 32,000 Required a With respect to cost classifications for preparing financial statements i What is the total product cost ii What is the total period cost b With respect to cost classifications for assigning costs to cost objects i What is total direct manufacturing cost ii What is the total indirect manufacturing cost c With respect to cost classifications for manufacturers i What is the total manufacturing cost ii What is the total nonmanufacturing cost iii What is the total conversion cost and prime cost d With respect to cost classifications for predicting cost behavior i What is the total variable manufacturing cost ii What is the total fixed cost for the company as a whole iii What is the variable cost per unit produced and sold e With respect to cost classifications for decision making i 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 Required 1 Required 2 Required 3 Required 4 Required 5 1 With respect to cost classifications for preparing financial statements a What is the total product cost b What is the total period cost 1a Total product cost 1b 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 2a Total direct manufacturing cost 2b 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 3a Total manufacturing cost 3b Total nonmanufacturing cost 3c Total conversion cost 3c Total 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 (Round your answer to the nearest whole dollar amount ) Show less A 4a Total variable manufacturing cost 4b Total fixed cost 4c Variable cost per unit produced and sold Pequired 3 Docuired 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 (Round your answer to the nearest whole dollar amount ) 5a Incremental cost per unit produced

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 18, 2024

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 $ 79,000

Direct labor $ 40,000

Variable manufacturing overhead $ 19,000

Fixed manufacturing overhead 31,000

Total manufacturing overhead $ 50,000 Variable selling expense $ 14,000

Fixed selling expense 22,000

Total selling expense $ 36,000

Variable administrative expense $ 5,000

Fixed administrative expense 27,000

Total administrative expense $ 32,000

Required: a. With respect to cost classifications for preparing financial statements: i. What is the total product cost? ii. What is the total period cost?

b. With respect to cost classifications for assigning costs to cost objects: i. What is total direct manufacturing cost? ii. What is the total indirect manufacturing cost?

c. With respect to cost classifications for manufacturers: i. What is the total manufacturing cost? ii. What is the total nonmanufacturing cost? iii. What is the total conversion cost and prime cost?

d. With respect to cost classifications for predicting cost behavior: i. What is the total variable manufacturing cost? ii. What is the total fixed cost for the company as a whole? iii. What is the variable cost per unit produced and sold?

e. With respect to cost classifications for decision making: i. 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?

image text in transcribed

Required 1 Required 2 Required 3 Required 4 Required 5 1. With respect to cost classifications for preparing financial statements: a. What is the total product cost? b. What is the total period cost? 1a. Total product cost 1b. 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? 2a. Total direct manufacturing cost 2b. 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? 3a. Total manufacturing cost 3b. Total nonmanufacturing cost 3c. Total conversion cost 3c. Total 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? (Round your answer to the nearest whole dollar amount.) Show less A 4a. Total variable manufacturing cost 4b. Total fixed cost 4c. Variable cost per unit produced and sold Pequired 3 Docuired 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? (Round your answer to the nearest whole dollar amount.) 5a. Incremental cost per unit produced