PA1-3 (Static) Classifying Costs; Calculating Total Costs; Identifying Impact of Misclassification [LO 1-4] 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. Assume that Suzie Chang has decided to begin production of her outdoor chidren'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 labot (DU), or mbnufacturing overhead ( MOH ) and also identify each of the preceding costs as variable or fixed cont. Aseamec that screwc sandinanar and naint are not worth the effoct to trace to sone fic unitc 3. Determine the total cost for each of the following: Complete this question by entering your answers in the tabs below. Determine the total cost for each of the following