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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 the month: Direct materials Direct

Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses the month: Direct materials Direct labour Item Variable manufacturing overhead (indirect materials) Fixed manufacturing overhead (depreciation, equipment) Variable selling expense (commissions) Fixed selling expense (sales staff salaries) Variable administrative expense (part-time staff, hourly wages) Fixed administrative expense (full-time staff, salaries) 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: Amount $80,000 40,500 19,400 31,300 14,200 22,400 5,100 27,200 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 ma additional 100 units?

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