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Classify each cost as being either variable or fixed with respect to the number of units produced and sold. Also classify each cost as 12 either a period or a product cost. Predicting Cost Preparing Cost Item Behavior Financial 04:12:43 Statements Skipped 1. Hamburger buns in a Wendy's restaurant. 2. Advertising by a dental office 3. Apples processed and canned by Del Monte. 4 Shipping canned apples from a Del Monte plant to customers. Variable cost 5. Insurance on a Bausch & Lomb factory producing contact lenses. Fixed cost 6. Insurance on IBM's corporate headquarters. 7 Salary of a supervisor overseeing production of printers at Hewlett- Packard. 8. Commissions paid to automobile salespersons. 9. Depreciation of factory lunchroom facilities at a General Electric plant. 10. Steering wheels installed in BMWs.Classify each cost as being either variable or fixed with respect to the number of units produced and sold. Also classify each cost as 12 either a period or a product cost. Preparing Cost Item Predicting Cost Financial Behavior 04:12:29 Statements Skipped 1. Hamburger buns in a Wendy's restaurant. 2 Advertising by a dental office. 3. Apples processed and canned by Del Monte. 4 Shipping canned apples from a Del Monte plant to customers. Period cost 5. Insurance on a Bausch & Lomb factory producing contact lenses. Product cost 6. Insurance on IBM's corporate headquarters. 7 Salary of a supervisor overseeing production of printers at Hewlett- Packard. B Commissions paid to automobile salespersons. 9 Depreciation of factory lunchroom facilities at a General Electric plant. 10. Steering wheels installed in BMWs.Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for 13 the month: Direct materials $ 87,000 Direct labor $ 44, 000 Variable manufacturing overhead $ 22, 200 04:12:17 Fixed manufacturing overhead 33, 400 Total manufacturing overhead $ 55, 600 Variable selling expense $ 15, 600 Skipped Fixed selling expense 25, 200 Total selling expense $ 40, 800 Variable administrative expense $ 5,800 Fixed administrative expense 28, 600 Total administrative expense $ 34, 400 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 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 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?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 costRequired 1 Required 2 Required 3 Required 4 Required 5 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 costRequired 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? 3a. Total manufacturing cost 3b. Total nonmanufacturing cost 3c. Total conversion cost Total prime costRequired 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 4a. Total variable manufacturing cost 4b. Total fixed cost 4c. Variable cost per unit produced and soldRequired 1 Required 2 Required 3 Required 4 Required 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 increme incurred to make the additional unit? (Round your answer to the nearest whole 5a. Incremental cost per unit produced
