17 26 points eBook Print References PA1-4 (Algo) Classifying Costs; Calculating Total Costs; Identifying Impact of Misclassification [LO 1-4] 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 $ 3,020 1,120 31,300 2,140) 535 Utilities for factory 810 Assembly supervisor's salary 3,690 Sandpaper 140 President's salary 5,020 Plastic tubing 4.090 Paint 240 Sales commissions 1,380 Factory insurance 1,090 Depreciation on cutting machines 2,110 8,150 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. Req 1 and 2 Req3 Determine the total cost for each of the following: Direct Materials b. Direct Labor Manufacturing Overhead d Prime Cost Conversion Cost Total Product Cost O Total Period Cost h Total Variable Cost L Total Fixed Cost