Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzies 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	$	3,180
Company advertising		1,090
Wages paid to assembly workers		31,000
Depreciation for salespersons vehicles		2,200
Screws		555
Utilities for factory		820
Assembly supervisors salary		3,650
Sandpaper		120
Presidents salary		5,110
Plastic tubing		4,170
Paint		245
Sales commissions		1,290
Factory insurance		1,140
Depreciation on cutting machines		2,180
Wages paid to painters		7,550

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 for direct materials (DM), direct labor (DL), or manufacturing overhead (MOH) and also identify each of the preceding costs as variable or fixed cost. 3. Determine the total cost for each of the following:

Direct Materials:

Direct Labor:

Manufacturing Overhead:

Prime Cost:

Conversion Cost:

Total product cost:

Total Period Cost:

Total Variable Cost:

Total Fixed Cost: