A fixed cost:

a. Requires the future outlay of cash and is relevant for future decision making.

b. Changes with changes in the volume of activity within the relevant range.

c. Is irrelevant for managers’ decision making. Is directly traceable to a cost object.

d. Does not change with changes in the volume of activity within the relevant range

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 $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost