problem 1-24 ???

problem 1-24 ??

Managerial Accounting and Cost Concepts PROBLEM 1-24 Different Cost Classifications for Different Purposes LOS-1, 1-2,5-3, LOS-401-5 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 Direct labore $69.000 $35.000 Variable manufacturing overhead $15.000 Fred manufacturing overhead 28,000 Total manufacturing overhead Variable selling expense $43.000 $12.000 Fixed selling expense 18.000 Total selling expense $30,000 Variable administrative expense. $ 4,000 Fixed administrative expense 25,000 Total administrative expense.. $29,000 Required: 7. 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: What is the total manufacturing cost? b What is the total nonmanufacturing cost? What is the total conversion cost and prime cost? 4. With respect to cost classifications for predicting cost behavior: 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? With respect to cost classifications for decision making: If Dozier had produced 1.001 units instead of 1,000 units, how much incremental manu facturing cost would it have incurred to make the additional unit PROBLEM 1-25 Traditional and Contribution Format Income Statements L01-6 Milden Company is a merchandiser that plans to sell 12,000 units during the next quarter at a selling price of $100 per unit. The company also gathered the following cost estimates for the next quarter, Cost Cost Formula Cost of good sold $35 per unit sold Advertising expense $210,000 per quarter Sales commissions. 6% of sales Shipping expense $28.000 per quarter + $9.10 per unit sold Administrative salaries $145,000 per quarter Insurance expense $9.000 per quarter Depreciation expense $76,000 per quarter . Vile Required: 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarter. a connect Cases CASE 1-26 Cost Classification and Cost Behavior L01-1, L01-2, 101-3, 101-4 The Darilane Company produces a set of wood patio furniture consisting of a table and four chairs. The company has enough customer demand to justify producing its full capacity of 2.000 sets per year. Annual cost data at full capacity follow