HW Chapter 10 Check my werk Dozier Company produced and sold 1,000 units during

Question

HW Chapter 10 Check my werk Dozier Company produced and sold 1,000 units during ts rst month of operations. It reported the following costs and expenses for the month: 10 49,000 35,000 43,000 30.800 # 29.000 Direet labor Variable manufacturing overhesd Pixed nanufacturing overhead Total manofacturing overhead l 15,040 12,00 Total selling expense trative expense 4,000 Required: 1 With respect to cost classifications for preparing financial statements 2. With respect to cost classifications for assigning costs to cost objects: 3. With respect to cost classifications for manufacturers a. What is the total product cost? b. What is the total period cost? a. What is total direct manufecturing cost? b. What is the total indirect manufacturing cos 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 companv as a whole? Prev 3 of 3 Next 4 7 8

Explanation / Answer

1) total product cost 147,000 answer total period cost 59000 answer total product cost Direct materials 69,000 direct labor 35,000 total manufacturing overhead 43,000 total product cost 147,000 total period cost total selling expense 30,000 total administrative expense 29,000 total period cost 59,000 2) total direct manufacturing cost 104,000 answer total indirect manufacturing cost 43000 answer total direct manufacturing cost direct materials 69,000 direct labor 35,000 total direct manufacturing cost 104,000 total indirect manufacturing cost Variable manufacturing overhead 15,000 fixed manufacturing overhead 28,000 total indirect manufacturing cost 43,000 3a) Total manufacturing cost Direct materials 69,000 direct labor 35,000 Manufacturing overhead Variable manufacturing overhead 15,000 fixed manufacturing overhead 28,000 43,000 total manufacturing cost 147,000 answer b) total nonmanufacturing cost total selling expense 30,000 total administrative expense 29,000 total non manufacturing cost 59,000 answer c) conversion cost direct labor 35,000 Manufacturing overhead Variable manufacturing overhead 15,000 fixed manufacturing overhead 28,000 43,000 conversion cost 78,000 answer prime cost Direct materials 69,000 direct labor 35,000 prime cost 104,000 answer 4) total variable manufacturing cost 119,000 answer total fixed cost 71,000 answer variable cost per unit produced and sold 135 answer total manufacturing cost direct materials 69,000 direct labor 35,000 variable manufacturing overhead 15,000 total variable manufacturing cost 119,000 fixed manufacturing overhead 28,000 fixed selling expense 18,000 fixed administrative expense 25,000 total fixed cost 71,000 variable cost per unit produced and sold direct materials 69,000 direct labor 35,000 variable manufacturing overhead 15,000 variable selling expense 12,000 variable administrative expense 4,000 total variable cost (a) 135,000 number of units produced and sold (b) 1,000 variable cost per unit produced and sold 135 5) incremental cost per unit produced 119 answer (11900/1000)*1

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