Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help with that last part. Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children lean basic concepts such

image text in transcribed

Need help with that last part.

Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children lean basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups: day care centers in warnm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Factory rent Company Wages paid to assembly workers Depreciation for salespersons vehicles S 3.180 1.110 30,300 2.010 Utilities for factory Assembly supervisor's salany Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters 865 3.500 170 5.140 4.150 265 1.300 1.010 2.090 7.850 Required: 1. 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). (Select "NA" wherever necessary.) Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Period Screws Utiities 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 roduct eriod roduct OH roduct roduct roduct roduct OH OH OH OH roduct roduct OH Product roduct roduct OH 2. Determine the total cost for each of the following . Direct Materials b. Diret Labor S 38.150 Manufacturing d. Prime Cost e. Conversion Cost f. Total Product Cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

4. Label problematic uses of language and their remedies

Answered: 1 week ago