Problem 1-24 (Algo) Different Cost Classifications for Different Purposes [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5] 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 $ 80,000 Direct labor $ 40,500 Variable manufacturing overhead $ 19,400 Fixed manufacturing overhead 31,300 Total manufacturing overhead $ 50,700 Variable selling expense $ 14,200 Fixed selling expense 22,400 Total selling expense $ 36,600 Variable administrative expense $ 5,100 Fixed administrative expense 27,200 Total administrative expense $ 32,300 Required: 1. With respect to cost classifications for preparing financial statements: a. What is the total product cost