5 points eBook Print References Your friend, Suzie Chang, 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 $ 3,200 1,070 31,800 2,150 515 805 3,650 105 5,140 4,200 275 1,360 1,170 2,140 8,250 W Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters Assume that Suzie Chang has decided to begin production of her outdoor children's toy. Required: 1 & 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. Assumes that screws, sandpaper, and paint are not worth the effort to trace to specific units. 3. Determine the total cost for each of the following:

Yout friend, Suzie Chang. 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 Assume that Surie Chang has decided to begin production of her outdoor children's toy: Required: 1\& 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), of manufacturing overhead (MOH) and also identify each of the preceding costs as variabie of fored cost. Assumes that screws, sandpaper, and paint are not worth the effort to trace to specitic units. 3. Determine the total cost for each of the following: 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. Assumes that screws, sandpaper, and paint are not worth the effort to trace to specific units. Note: Select "NA" wherever necessary