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Problem 1-24 (Algal Different Cost Classifications for Different Purposes [LO1-1. LO1-2, LO1-3, L014, LO1-5] Dozier Company produced and sold 1.000 units during its rst month
Problem 1-24 (Algal Different Cost Classifications for Different Purposes [LO1-1. LO1-2, LO1-3, L014, LO1-5] Dozier Company produced and sold 1.000 units during its rst month ofoperations. It reported the following costs and expenses for the month: Direct materials $ Y,000 Direct labor $ 33,500 Variable manufacturing overhead S 1T,300 Fixed manufacturing overhead 30,100 Total manufacturing overhead 5 4T,900 Variable selling expense $ 13,400 Fixed selling expense 20,800 Total selling expense $ 34,200 Variable administrative expense $ 4,700 Fixed administrative expense 25,400 Total administrative expense S 31,100 Required: 1. With respect to cost classications 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 classications 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? 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? 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? Complete this question by entering your answers in the tabs below. 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 Complete this question by entering your answers In the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 2. With respect to cost classications for assigning costs to cost objects: a. What Is total direct manufacturing cost? b. What Is the total indirect manufacturing cost? 23. Total direct manufacturing cost 2b. Total indirect manufacturing cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 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? Show less A 3a. Total manufacturing cost 3b. Total nonmanufacturing cost 3c. Total conversion cost 3c. Total prime cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 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 lessA 4a. Total variable manufacturing cost 4b. Total fixed cost 4c. Variable cost per unit produced and sold Complete this question by entering your answers In the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 5. With respect to cost classications 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.) 53. Incremental cost per unit produced I I 4: Required 4
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