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28 Sep 2019
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 $ 82,000 Direct labor $ 41,500 Variable manufacturing overhead $ 20,200 Fixed manufacturing overhead 31,900 Total manufacturing overhead $ 52,100 Variable selling expense $ 14,600 Fixed selling expense 23,200 Total selling expense $ 37,800 Variable administrative expense $ 5,300 Fixed administrative expense 27,600 Total administrative expense $ 32,900
Required:
1. With respect to cost classifications for preparing financial statements:
a. What is the total product cost?
b. What is the total period cost?
1a. Total product cost 1b. Total period cost
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 | $ | 82,000 | ||||
Direct labor | $ | 41,500 | ||||
Variable manufacturing overhead | $ | 20,200 | ||||
Fixed manufacturing overhead | 31,900 | |||||
Total manufacturing overhead | $ | 52,100 | ||||
Variable selling expense | $ | 14,600 | ||||
Fixed selling expense | 23,200 | |||||
Total selling expense | $ | 37,800 | ||||
Variable administrative expense | $ | 5,300 | ||||
Fixed administrative expense | 27,600 | |||||
Total administrative expense | $ | 32,900 | ||||
Required:
1. With respect to cost classifications for preparing financial statements:
a. What is the total product cost?
b. What is the total period cost?
|
Nelly StrackeLv2
28 Sep 2019