1 Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons vehicles Screws utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines wages paid to painters $3,150 1,110 31,800 2,1101 520 855 3,560 195 5,090 4,020 270 3,290 1,000 2,130 7,700 Assume that Suzie Whitson has decided to begin production of her outdoor children's toy Required: 1 and 2. Identify each of the preceding costs as either a product or a period cost. If the cost is a product cost, decide whether it is for direct materials (DM) direct labor (DL), or manufacturing overhead (MOH) and also identify each of the preceding costs as variable of fixed cost 3. Determine the total cost for each of the following Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Determine the total cost for each of the following: a Direct Materials b. Deect Labor Manufacturing Overhead d Prime Cost Conversion Cost t Total Product Cost 9 Total Period Cost h Total Variable Cost Total Foxed Cost Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month fo follow Factory rent Company advertising 33,150 3,118 wages paid to assembly workers 11,800 Depreciation for salespersons vehicles 2,110 Screws 520 Utilities for factory 855 Assembly supervisor's salary 3,560 Sandpaper 195 President's salary 5,090 Plastic tubing 4,020 Paint 278 Sales commissions 1,298 Factory insurance 1,060 Depreciation on cutting machines 2,130 7,700 wages paid to painters Assume that Suzie Whitson has decided to begin production of her outdoor children's toy. Required: 1 and 2. Identify each of the preceding costs as either a product or a period cost. If the cost is a product cost, decide whether it is for direct materials (DM), direct labor (DL), or manufacturing overhead (MOH) and also identify each of the preceding costs as variable or fixed cost 3. Determine the total cost for each of the following Complete this question by entering your answers in the tabs below. Reg 1 and 2 Rec 3 Identify each of the preceding costs as either a product or a period cost. If the cost is a product cost, decide whether it is for direct materials (DM), direct labor (DL), or manufacturing overhead (MOH) and also identify each of the preceding costs as variable or fixed cost. (Select "NA" wherever necessary) Costs Type of cost Cost head Cost classification Factory rent Product MOH Company advertising Period NA Fixed Wages paid to assembly workers Product OU Variable Deprecation for salespersons' vehicles Penod NA Fixed Screws Product MOH Variable Usities for factory Product MOH Variable Assembly supervisor's salary Product MOH Fixed Sandpaper Product MOH Vanable President's salary Penod M Fixed Plaste tubing Product OM Vanabie Pant Product MOH Variable Sales commissions Period NA Variable Factory insurance Product MOH Fixed Depreciation on cutting machines Product MOH Foxed Wages paid to painters Product DL Vanable Reg3 >>