Question: 1. With respect to cost classifications for preparing financial statements: a. What is the total product cost? b. What is the total period cost? 1.
1. With respect to cost classifications for preparing financial statements:
a. What is the total product cost?
b. What is the total period cost?

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 total direct manufacturing cost?
b. What is the total indirect 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? (Round your answer to the nearest whole dollar amount.)
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? (Round your answer to the nearest whole dollar amount.)
Company duced and so 1000 s uns irst mntf 3 17,s00 30 100 47 900 sarlatle selling eee 5 13,420 0,800 Totsl selling opense vartable nstrative pense s 34,200 200 31,10 Required 1 With respect to cost classifications for preparing financial statements a What isthe total product cost b What is the total peiod cost 2 With respect to cos classifications for assigning cots to cost objects What istotal direct manufacturing co b What is the total indrect manulactuing cost 3 With resedt to cost lass fications for manufecturers wnat i, the lotal manufacturing cost What is the total nonmanutactungco What s he total conversion ost and pme co
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
