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3,640 Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes.
3,640 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 $ 3,100 Company advertising 1,170 Wages paid to assembly workers 31,900 Depreciation for salespersons' vehicles 2,180 Screws 590 Utilities for factory 399 835 035 Assembly supervisor's salary Sandpaper 165 President's salary 5,200 Plastic tubing DO 4,140 Paint 205 Sales commissions 1,370 Factory insurance 1,190 Depreciation on cutting machines 2,160 Wages paid to painters 8,000 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: 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 Req 3 Determine the total cost for each of the following: a. Direct Materials b. Direct Labor C. Manufacturing Overhead Prime Cost d. e. Conversion Cost f. Total Product Cost g. Total Period Cost h. Total Variable Cost i. Total Fixed Cost
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