newconnect.mheducation.com Connect - Sign In gerial Accounting and Cost Con... S

Question

newconnect.mheducation.com Connect - Sign In gerial Accounting and Cost Con... Saved Dozier Company produced and sold 1,000 units during its first month of operations. It 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 $ 77,000 39,000 18,200 30,400 3s 48,600 $ 13,600 21,200 34,800 4,800 26,600 31,400 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? 4. 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?

Explanation / Answer

4c Direct materials 77000 Direct labor 39000 Total variable manufacturing overhead 18200 Variable selling expense 13600 Variable administrative expense 4800 Total variable cost (a) 152600 Number of units produced and sold (b) 1000 Variable cost per unit produced and sold (a) ÷ (b) 152.6 5a Direct materials 77000 Direct labor 39000 Total variable manufacturing overhead 18200 Total incremental cost (a) 134200 Number of units produced and sold (b) 1000 Incremental cost per unit produced (a) ÷ (b) 134.2

Related Questions

Navigate

• Browse (All)
• Browse N
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.