Our 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 $3,200 Company advertising 1,000 Wages paid to assembly workers 30,000 Depreciation for salespersons' vehicles 2,000 Screws 500 Utilities for factory 900 Assembly supervisor's salary 3,500 Sandpaper 150 President's salary 6,000 Plastic tubing 4,200 Paint 250 Sales commissions 1,200 Factory insurance 1,000 Depreciation on cutting machines 2,000 Wages paid to painters 7,500 Assume that Suzie Whitson has decided to begin production of her outdoor children's toy. 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). 2. Identify each of the preceding costs as variable or fixed cost. 3. Determine the total cost for each of the following: - direct material - direct labor - manufacturing overhead - prime cost - conversion cost - total product cost - total period cost - total variable cost - total fixed cost