I need help with the last of these questions (the italicized one). I have tried a...
I need help with the last of these questions (the italicized one). I have tried a few different methods, but none show as correct. I have put the answers I have found for the other questions (bold numbers).
Problem 1-24 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 month of operations. It reported the following costs and expenses for the month:
| Direct materials | $ | 69,000 | ||||
| Direct labor | $ | 35,000 | ||||
| Variable manufacturing overhead | $ | 15,000 | ||||
| Fixed manufacturing overhead | 28,000 | |||||
| Total manufacturing overhead | $ | 43,000 | ||||
| Variable selling expense | $ | 12,000 | ||||
| Fixed selling expense | 18,000 | |||||
| Total selling expense | $ | 30,000 | ||||
| Variable administrative expense | $ | 4,000 | ||||
| Fixed administrative expense | 25,000 | |||||
| Total administrative expense | $ | 29,000 | ||||
Required:
1. With respect to cost classifications for preparing financial statements:
a. What is the total product cost? $147,000
b. What is the total period cost? $59,000
2. With respect to cost classifications for assigning costs to cost objects:
a. What is total direct manufacturing cost? $104,000
b. What is the total indirect manufacturing cost? $43,000
3. With respect to cost classifications for manufacturers:
a. What is the total manufacturing cost? $147,000
b. What is the total nonmanufacturing cost? $59,000
c. What is the total conversion cost and prime cost? $78,000 and $104,000
4. With respect to cost classifications for predicting cost behavior:
a. What is the total variable manufacturing cost? $119,000
b. What is the total fixed cost for the company as a whole? $71,000
c. What is the variable cost per unit produced and sold? $135
5. With respect to cost classifications for decision making:
a. If Dozier had produced 1,001 units instead of 1,000 units, how much incremental manufacturing cost would it have incurred to make the additional unit?
Homework Answers
| 5 a. | Incremental manufacturing costs per unit | $119.00 |
| Direct materials | $69,000 | |
| Direct labor | $35,000 | |
| Variable overhead | $15,000 | |
| Total incremental cost (a) | $119,000 | |
| Number of units produced and sold (b) | 1,000 | |
| Incremental cost per unit produced (a)/(b) | $119.00 | |
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I need help with the last of these questions (the italicized
one). I have tried a...
Problem 1-24 Different Cost Classifications for Different Purposes [LO1-1, LO1-2, LO1-3, LO1-4, L01-5) Dozier Company produced...
Problem 1-24 Different Cost Classifications for Different Purposes [LO1-1, LO1-2, LO1-3, LO1-4, L01-5) Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month $69,000 $35,000 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 $15,000 28,000 $43,000 $12,000 18,000 $30,000 $4,000 25,000 $29,000 Requirecd 1....
plzz help Problem 1-24 Different Cost Classifications for Different Purposes [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5] Dozier...
plzz help
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Problem 1-24 Different Cost Classifications for Different Purposes (L01-1, L01-2, LO1-3, LO1-4, LO1-5) Check my Dozier...
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Dozier Company produced and sold 1,000 units during its first month of operations. It reported the...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported 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 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 $ 30,000 $ 4,000 25,000 $ 29,000 3. With respect to cost classifications for...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported 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 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 $ 30,000 $ 4,000 25,000 $ 29,000 Required: 1. With respect to cost classifications...
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View previous att Problem 1-24 Different Cost Classifications for Different Purposes (LO1-1, LO1-2, LO1-3, LO1-4, LO1-5]...
View previous att Problem 1-24 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 month of operations. It reported 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 Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $...
Homework 1 Help Save & Exit Submit Check my work Dozier Company produced and sold 1,000...
Homework 1 Help Save & Exit Submit Check my work Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 76,000 $ 38,500 oints $ 17,800 30,100 Skipped $ 47,900 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 $ 13,400 20,800 $ 34,200...
Problem 1-24 Different Cost Classifications for Different Purposes [LO1-1, LO1-2, LO1-3, LO1-4, L01-5) Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month $69,000 $35,000 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 $15,000 28,000 $43,000 $12,000 18,000 $30,000 $4,000 25,000 $29,000 Requirecd 1....
plzz help
Problem 1-24 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 month of operations. It reported the following costs and expenses for the month: $ 82,000 $ 41,500 Direct materials Direct labor $ 20,200 31,900 Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense $52,100 $ 14,600 23,200 $ 37,800 $ 5,300 Fixed administrative...
Problem 1-24 Different Cost Classifications for Different Purposes (L01-1, L01-2, LO1-3, LO1-4, LO1-5) Check my Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 81, eee $ 41,eee $ 19,800 31,600 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 $ 51,480 $...
Problem 1-24 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 month of operations. It reported the following costs and expenses for the month: $ 79,000 $ 40.000 $ 19,000 31,000 $ 50,000 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 $14.000 22.000 $36,000 $...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported 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 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 $ 30,000 $ 4,000 25,000 $ 29,000 3. With respect to cost classifications for...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported 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 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 $ 30,000 $ 4,000 25,000 $ 29,000 Required: 1. With respect to cost classifications...
Problem 1-24 Different Cost Classifications for Different Purposes [LO1-1, LO1-2, L01-3, LO1-4, LO1-5] Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for 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 $ 89,000 $ 45,000 $ 23,000 34,000 $ 57,000 $ 16,000 26,000 $...
View previous att Problem 1-24 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 month of operations. It reported 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 Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $...
Homework 1 Help Save & Exit Submit Check my work Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 76,000 $ 38,500 oints $ 17,800 30,100 Skipped $ 47,900 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 $ 13,400 20,800 $ 34,200...
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