Problem 1-24 Different Cost Classifications for DifferentPurposes [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5]

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

Directmaterials				$	87,000
Direct labor				$	44,000
Variable manufacturingoverhead	$	22,200
Fixed manufacturingoverhead		33,400
Total manufacturingoverhead				$	55,600
Variable selling expense	$	15,600
Fixed selling expense		25,200
Total selling expense				$	40,800
Variable administrativeexpense	$	5,800
Fixed administrativeexpense		28,600
Total administrativeexpense				$	34,400

Required:

1. With respect to cost classifications for preparing financialstatements:

a. What is the total product cost?

b. What is the total period cost?

2. With respect to cost classifications for assigning costs tocost objects:

a. What is total direct manufacturing cost?

b. What is the total indirect manufacturing cost?

3. With respect to cost classifications for manufacturers:

a. What is the total manufacturing cost?

b. What is the total nonmanufacturing cost?

c. What is the total conversion cost and prime cost?

4. With respect to cost classifications for predicting costbehavior:

a. What is the total variable manufacturing cost?

b. What is the total fixed cost for the company as a whole?

c. What is the variable cost per unit produced and sold?

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 tomake the additional unit?