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. Factory rent Company advertising. Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary: Sandpaper President's salary Plastic tubing Paint $ 3,070 1,060 30,400 2,150 530 825 3,600 200 5,050 4,060 Sales commissions Factory insurance Depreciation on cutting machines 280 1,220 1,140 2,000 8,050 Wages paid to painters 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 overhead (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: Answer is not complete. Complete this question by entering your answers in the tabs below. Retu 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 overhead (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: 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. Direct materials b. Direct labor es c. Manufacturing overhead $ 11,645 d. Prime cost e. Conversion cost f. Total product cost g Total period cost h. Total variable cost Total fixed cost