PA1-4 (Algo) Classifying Costs; Calculating Total Costs; Identifying Impact of Misclassification [LO 1-4) Your 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 Company advertising Wages paid to assembly workers Depreciation for salespersons vehicles Serew Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastie tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,170 1,000 31,600 2,160 510 825 3,520 155 5,120 4,180 240 1,360 1,110 2,010 7.900 Assume that Suzie Whitson has decided to begin production of her outdoor children's toy. Required: 1 and 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 direct materials (DM), direct labor (DL), or manufacturing overhead (MOH) and also identify each of the preceding costs as variable fixed cost 3. Determine the total cost for each of the following: 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: a. b. Direct Materials Direct Labor Manufacturing Overhead Prime Cost C. d. e. Conversion Cost Total Product Cost g. Total Period Cost h. Total Variable Cost i. Total Fixed Cost