The ABC Company recently sold 2,000 units during their last month of operations. The following costs were accumulated during the past month: $138,000 $70,000 $30,000 $56,000 $86,000 Item Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Total Manufacturing Overhead Variable Selling Expense Fixed Selling Expense Total Selling Expense Variable Administrative Expense Fixed Administrative Expense Total Administrative Expense $24,000 $36,000 $60,000 $8,000 $50,000 $58,000 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: Dodoflunther Hama matendo a. What is total direct manufacturing cost? - Drenched what he better 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 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 the ABC Company product 2,001 units instead of 2,000, how much incremental manufacturing cost would it have incurred to make the additional unit? The ABC Company recently sold 2,000 units during their last month of operations. The following costs were accumulated during the past month: $138,000 $70,000 $30,000 $56,000 $86,000 Item Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Total Manufacturing Overhead Variable Selling Expense Fixed Selling Expense Total Selling Expense Variable Administrative Expense Fixed Administrative Expense Total Administrative Expense $24,000 $36,000 $60,000 $8,000 $50,000 $58,000 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: poedoplatku Hana a. What is total direct manufacturing cost? How Drenched in the 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 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 the ABC Company product 2,001 units instead of 2,000, how much incrementa manufacturing cost would it have incurred to make the additional unit? 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 non-manufacturing 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
