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Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expens


1. With respect to cost classifications for preparing financial statements: a. What is the total product cost? b. What is the
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Answer #1
1-a. Direct materials 88000
Direct labor 44500
Total manufacturing overhead 56300
Total product cost $ 188800
1-b. Total selling expense 41400
Total administrative expense 34700
Total period cost $ 76100
2-a. Direct materials 88000
Direct labor 44500
Total direct manufacturing cost $ 132500
2-b. Total indirect manufacturing cost = Total manufacturing overhead 56300
3-a. Direct materials 88000
Direct labor 44500
Total manufacturing overhead 56300
Total manufacturing cost $ 188800
3-b. Total selling expense 41400
Total administrative expense 34700
Total non-manufacturing cost $ 76100
3-c. Direct labor 44500
Total manufacturing overhead 56300
Total conversion cost $ 100800
Direct materials 88000
Direct labor 44500
Total prime cost $ 132500
4-a. Direct materials 88000
Direct labor 44500
Variable manufacturing overhead 22600
Total variable manufacturing cost $ 155100
4-b. Fixed manufacturing overhead 33700
Fixed selling expense 25600
Fixed administrative expense 28800
Total fixed cost $ 88100
4-c. Direct materials 88000
Direct labor 44500
Variable manufacturing overhead 22600
Variable selling expense 15800
Variable administrative expense 5900
Total variable cost $ 176800
÷ Number of units produced and sold 1000
Variable cost per unit produced and sold $ 176.80
5-a. Total variable manufacturing cost $ 155100
÷ Number of units produced 1000
Incremental cost per unit produced $ 155.10
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