Question: es Problem 1-24 (Static) Different Cost Classifications for Different Purposes [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5] Dozier Company produced and sold 1,000 units during its first
Problem 1-24 (Static) Different Cost Classifications for Different Purposes [LO1-1, LO1-2, LO1-3, LO1-4, L01.5] Doziet Company produced and sold 1000 units during its first month of operations. It ceported the following costs and expenses for the month: 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. Wath respect to cost classifications for assigny g costs to cost objects a. What is total direct manufacturing cost? b. What is the total indirect manufacturing cost? 3. Withrespect to cost classifications for manufactureis: a What is the total manufactiaing cost? b. What is the total nonmanufacturing cost? c. What is the total conversion cost and prime cost? 4. With respect to cost ctassificasons for predicting cost behavior a What is the total varable manutacturing cost? b. What is the total fored cost for the company as a whole? c. What is the variable cost per unit produced and sold? 5 Wah respect to cost classifications for decision making a If Dokier had produced 1001 units histead of 1,000 units, how much incremental manulacturing cost would a have incurred to make ve adderional una
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