Answer:
Total product cost
Direct materials $69,000
Direct labor $35,000
Variable manufacturing overhead $15,000
Fixed manufacturing overhead $28,000
Total Cost $43,000
Total period cost
Variable selling expense $12,000
Fixed selling expense $18,000
Variable administrative expense $4,000
Fixed administrative expense 25,000
Total Cost $59,000
Total direct manufacturing cost
Direct materials $69,000
Direct labor $35,000
Variable manufacturing overhead $15,000
Total Cost $119,000
Total indirect manufacturing cost
Fixed manufacturing overhead $28,000
Total Cost $28,000
Total manufacturing cost
Direct materials $69,000
Direct labor $35,000
Variable manufacturing overhead $15,000
Fixed manufacturing overhead $28,000
Total Cost $43,000
Total non-manufacturing cost
Variable selling expense $12,000
Fixed selling expense $18,000
Variable administrative expense $4,000
Fixed administrative expense $25,000
Total Cost $59,000
Total Conversion Cost
Direct labor $35,000
Variable manufacturing overhead $15,000
Total Cost $50,000
Total Prime Cost
Direct materials $69,000
Direct labor $35,000
Total Cost $104,000
Total variable manufacturing cost
Direct materials $69,000
Direct labor $35,000
Variable manufacturing overhead $15,000
Total Cost $119,000
Total fixed cost for the company as a whole
Fixed manufacturing overhead $28,000
Fixed selling expense $18,000
Fixed administrative expense $25,000
Total Cost $71,000
Variable cost per unit produced and sold
Direct materials $69,000
Direct labor $35,000
Variable manufacturing overhead $15,000
Variable selling expense $12,000
Variable administrative expense $4,000
Total Variable Cost $135,000
Unit Variable Cost = Total Variable Cost ÷ Number of Units
= $135,000 ÷ $1,000
= $135
