Dozier Company produced and sold 1 , 0 0 0 units during its first month of operations.
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Question:
Dozier Company produced and sold units during its first month of operations. It reported the following costs and expenses for the month:
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 $
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 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 nonmanufacturing cost?
c What is the total conversion cost and prime cost?
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?
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