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1
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for
the month:
35
points
$ 69,000
$ 35,000
$ 15,000
28,000
eBook
$ 43,000
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
$ 12,000
18,000
Print
$ 30,000
References
$
4,000
25,000
$ 29,000
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. 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 the total manufacturing cost?
b. What is the total nonmanufacturing cost?
c. What is the total conversion cost and prime cost?
cost classifications for predicting cost behavior: