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

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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

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Answer 1

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(1a)The total product cost is computed as follows:


Direct materials	$	86000
Direct labor		43500
Total manufacturing overhead		54900
Total product cost	$	184400

(1b)The total period cost is computed as follows:


Total selling expense	$	40200
Total administrative expense		34100
Total period cost	$	74300

(2a)The total direct manufacturing cost is computed as follows:


Direct materials	$	86000
Direct labor		43500
Total direct manufacturing cost	$	129500

(2b)The total indirect manufacturing cost is computed as follows:


Variable manufacturing overhead	$	21800
Fixed manufacturing overhead		33100
Total indirect manufacturing cost	$	54900

(3a)The total manufacturing cost is computed as follows:


Direct materials	$	86000
Direct labor		43500
Total manufacturing overhead		54900
Total manufacturing cost	$	184400

(3b)The total nonmanufacturing cost is computed as follows:


Total selling expense	$	40200
Total administrative expense		34100
Total nonmanufacturing cost	$	74300

(3c)The total conversion cost is computed as follows:


Direct labor	$	43500
Total manufacturing overhead		54900
Total conversion cost	$	98400

The total prime cost is computed as follows:


Direct materials	$	86000
Direct labor		43500
Total prime cost	$	129500

(4a)The total variable manufacturing cost is computed as follows:


Direct materials	$	86000
Direct labor		43500
Variable manufacturing overhead		21800
Total variable manufacturing cost	$	151300

(4b)The total amount of fixed cost for the company as a whole is computed as follows:


Fixed manufacturing overhead	$	33100
Fixed selling expense		24800
Fixed administrative expense		28400
Total fixed cost	$	86300

(4c)The variable cost per unit produced and sold is computed as follows:


Direct materials	$	86000
Direct labor		43500
Total variable manufacturing overhead		21800
Variable selling expense		15400
Variable administrative expense		5700
Total variable cost (a)	$	172400
Number of units produced and sold (b)		1,000
Variable cost per unit produced and sold (a) ÷ (b)	$	172.40

(5a)The incremental manufacturing cost is computed as follows:


Direct materials	$	86000
Direct labor		43500
Variable manufacturing overhead		21800
Total incremental cost (a)	$	151300
Number of units produced and sold (b)		1,000
Incremental cost per unit produced (a) ÷ (b)	$	151.30

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