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Assume that Suzie Chang has decided to begin production of her outdoor children's toy. Required: 1 & 2 . Identify each of the preceding costs

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.
Determine the total cost for each of the following:
Answer is complete but not entirely correct.
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:
Your friend, Suzie Chang, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzies 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 $ 3,030
Company advertising 1,020
Wages paid to assembly workers 31,000
Depreciation for salespersons vehicles 2,070
Screws 525
Utilities for factory 885
Assembly supervisors salary 3,550
Sandpaper 155
Presidents salary 5,170
Plastic tubing 4,140
Paint 205
Sales commissions 1,390
Factory insurance 1,190
Depreciation on cutting machines 2,100
Wages paid to painters 7,850
Assume that Suzie Chang has decided to begin production of her outdoor childrens 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:
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