$2$ assignment

$($i$)$

Problem $2-25$ Different Cost Classifications for Different Purposes $[$LO$2,$ LO$4,$ LO$5,$ LO$6]$

Dozier Company produced and sold $1,000$ units during its first month of operations. It reported the following costs and expe the month:Required:

With respect to cost classifications for preparing financial statements:

a$.$ What is the total product cost?

b$.$ What is the total period cost?

With respect to cost classifications for assigning costs to cost objects:

a$.$ What is the total direct manufacturing cost?

b$.$ What is the total indirect manufacturing cost?

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?

With respect to cost classifications for predicting cost behaviour:

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?

If Dozier produced $1,100$ units instead of $1,000$ units, how much incremental manufacturing cost would they incur $t$ additional $100$ units?

Complete this question by entering your answers in the tabs below.

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?