Question: PROBLEM 1-24 Different Cost Classifications for Different Purposes L01-1, L01-2. L01-3L01-4. LOH5 Dozice Company produced and sold 1.000 units during its first month of operations.

PROBLEM 1-24 Different Cost Classifications for

PROBLEM 1-24 Different Cost Classifications for Different Purposes L01-1, L01-2. L01-3L01-4. LOH5 Dozice Company produced and sold 1.000 units during its first month of operations. It seported the following costs and expenses for the month $69,000 $35.000 $15,000 28.000 $43,000 Direct materials. Direct labor.. Variable manufacturing overhead Fbxed manufacturing overhead. . Total manufacturing overhead Variable selling expense Fixed selling expense. Total selling expense Variable administrative expense. Fbxed administrative expense... Total administrative expense. $12.000 18,000 $30,000 $ 4.000 25,000 $29,000 Required: 1. With respect to cont classifications for preparing financial statements a. What is the total product cost? What is the total period cost? 2. With respect to cut classifications for assigning costs to custobjects What is total direct mufacturing cost? b What is the total indirect manufacturing cost? 3. With sespect to cost classifications for manufacturers What is the total manufacturing cust! What is the total no manufacturing cost? c. What is the total conversion cost and prime cost? 4. With respect to cost cassifications for predicting cost behavior: What is the total variable manufacturing cost? What is the total fixed cost for the company as a whole? What is the variable cost per unit produced and sold! 5. With respect to cost classifications for decision making If Dozier had produced 1.000 units instead of 1.000 units, bow much incremental manufacturing cost would it have incurred to make the additiooal unit? O C

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