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please help finding the total variable cost and total fixed cost and explain how Your friend, Suzle Chang, has designed a new type of outdoor
please help finding the total variable cost and total fixed cost and explain how
Your friend, Suzle 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 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 overnead (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: 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 is for direct materials (DM), direct labor (DL), or manufacturing overhead (MOH) and also identify each of the preceding cost 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: Complete this question by entering your answers in the tabs below. Determine the total cost for each of the following Step by Step Solution
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