ACCT 241 Week 1 Assignment Help 3 | Quiz | American university
- american-university / ACCT 241
- 26 Jul 2019
- Price: $20
- Other / Other
ACCT 241 Week 1 Assignment Help 3 | Quiz | American university
1.
Dozier
Company produced and sold 1,000 units during its first month of operations. It
reported the following costs and expenses for the month:
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?
2. With respect to cost classifications
for assigning costs to cost 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 cost behavior:
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 to make the additional unit?
2.
Milden Company is a merchandiser that plans to sell 12,000 units during the next quarter at a selling price of $100 per unit. The company also gathered the following cost estimates for the next quarter:
|
Cost |
Cost Formula |
|
Cost of good sold |
$35 per unit sold |
|
Advertising expense |
$210,000 per quarter |
|
Sales commissions |
6% of sales |
|
Shipping expense |
$28,000 per quarter + $9.10 per unit sold |
|
Administrative salaries |
$145,000 per quarter |
|
Insurance expense |
$9,000 per quarter |
|
Depreciation expense |
$76,000 per quarter |
USA 
India