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Homework Answers
The answer is below-
| 1. (a) Total Product Cost | |||||||
| Direct Materials | 85000 | ||||||
| Direct Labour | 43000 | ||||||
| Variable Manufacturing Overhead | 21400 | ||||||
| Fixed Manufacturing Overhead | 32800 | ||||||
| $ 182,200.00 | |||||||
| 1. (b) Total Period Cost | |||||||
| Variable Selling Expense | 15200 | ||||||
| Fixed Selling Expense | 24400 | ||||||
| Variable adminsitrative Expense | 5600 | ||||||
| Fixed adminsitrative Expense | 28200 | ||||||
| $ 73,400.00 | |||||||
| 2 (a) Total Direct Manufacturing Cost | |||||||
| Direct Materials | 85000 | ||||||
| Direct Labour | 43000 | ||||||
| Variable Manufacturing Overhead | 21400 | ||||||
| $ 149,400.00 | |||||||
| Note: Fixed Manufacturing Overhead is considered to be Indirect in Nature such as Rent, Depreciation etc | |||||||
| 2 (b) Total Indirect Manufacturing Cost | |||||||
| Fixed Manufacturing Overhead | 32800 | ||||||
| $ 32,800.00 |
| 3 (a) Total Manufacturing Cost | ||||
| Direct Materials | 85000 | |||
| Direct Labour | 43000 | |||
| Variable Manufacturing Overhead | 21400 | |||
| Fixed Manufacturing Overhead | 32800 | |||
| $ 182,200.00 | ||||
| 3 (b) Total Non Manufacturing Cost | ||||
| Variable Selling Expense | 15200 | |||
| Fixed Selling Expense | 24400 | |||
| Variable adminsitrative Expense | 5600 | |||
| Fixed adminsitrative Expense | 28200 | |||
| $ 73,400.00 | ||||
| 3(c ) Total Conversion Cost and Prime Cost | ||||
| Prime Cost | ||||
| Direct Materials | 85000 | |||
| Direct Labour | 43000 | |||
| $ 128,000.00 | ||||
| Conversion Cost | ||||
| Direct Labour | 43000 | |||
| Variable Manufacturing Overhead | 21400 | |||
| Fixed Manufacturing Overhead | 32800 | |||
| $ 97,200.00 | ||||
| 4(a) Total Variable Manufacturing Cost | ||||
| Direct Materials | 85000 | |||
| Direct Labour | 43000 | |||
| Variable Manufacturing Overhead | 21400 | |||
| $ 149,400.00 | ||||
| 4(b) Total Fixed Cost for the Company as a whole | ||||
| Fixed Manufacturing Overhead | 32800 | |||
| Fixed Selling Expense | 24400 | |||
| Fixed adminsitrative Expense | 28200 | |||
| $ 85,400.00 | ||||
| 4(c ) Variable Cost per unit produced and sold | ||||
| Direct Materials | 85000 | |||
| Direct Labour | 43000 | |||
| Variable Manufacturing Overhead | 21400 | |||
| Variable Selling Expense | 15200 | |||
| Variable adminsitrative Expense | 5600 | |||
| $ 170,200.00 | ||||
| No. of units | 1000 | |||
| Variable Cost per unit produced and sold | $ 170.20 | (170200/1000 ) |
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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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Check my work Different Cost Classifications for Different Purposes [L01-1, LO1-2, LO1-3, LO1-4, LO1-5 Dozier Company...
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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] 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 $...
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accounting experts ? please 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 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 $...
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...
Check my work Different Cost Classifications for Different Purposes [L01-1, 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 anc expenses for the month: Direct materials Direct labor Variable manufacturing overheacd Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 88,006 $ 44, 500 $ 22,60e 33,700 s 56,300 $ 15,800...
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 $...
accounting experts ? please help!
Problem 1-24 Different Cost Classifications for Different Purposes (L01-1, L01-2, 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: $ 80,000 $ 40,500 $ 19,400 31,300 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 $...
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