Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month:

ItemAmountDirect materials$69,000

Direct labour 35,000

Variable manufacturing overhead (indirect materials) 15,000

Fixed manufacturing overhead (depreciation, equipment) 28,000

Variable selling expense (commissions) 12,000

Fixed selling expense (sales staff salaries) 18,000

Variable administrative expense (part-time staff, hourly wages) 4,000

Fixed administrative expense (full-time staff, salaries) 25,000

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 the 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 non-manufacturing cost?

c. What is the total conversion cost and prime cost?

4. With respect to cost classifications for predicting cost behaviour:

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. If Dozier produced 1,100 units instead of 1,000 units, how much incremental manufacturing cost would they incur to make the additional 100 units?

Complete this question by entering your answers in the tabs below.

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 the 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 non-manufacturing cost?

c. What is the total conversion cost and prime cost?

3a.Total manufacturing cost

3b.Total non-manufacturing cost

3c.Total conversion cost

Total prime cost

4. With respect to cost classifications for predicting cost behaviour:

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?

4a.Total variable manufacturing cost

4b.Total fixed cost

4c.Variable cost per unit produced and sold

5) If Dozier produced 1,100 units instead of 1,000 units, how much incremental manufacturing cost would they incur to make the additional 100 units?

Incremental manufacturing cost