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 Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,180 1,130 30, 100 2,170 555 815 3,510 140 5,190 4,080 205 1,330 1,030 2,110 7,800 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 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: Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 3. Determine the total cost for each of the following: X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Determine the total cost for each of the following: a. Direct Materials b. Direct Labor C. Manufacturing Overhead Prime Cost $ 4,110 X $ 39,200 $ 11,735 X $ 43,330 X $ 50,935 X $ 55,065 d. e. Conversion Cost f. Total Product Cost g. Total Period Cost h. Total Variable Cost i. Total Fixed Cost Cactus Cookies incurred the following costs this month to manufacture 1,000 jumbo chocolate chip cookies. Chocolate chips Flour Butter Sugar Other ingredients Labor wages Rent on manufacturing space Utilities (paid at a monthly rate) Depreciation on kitchen equipment $ 52.00 $ 27.00 $ 58.50 $ 32.00 $ 33.00 $ 400.00 $ 250.00 $ 56.00 $ 85.00 Calculate each of the following: a. The total variable cost this month. (Round your answer to 2 decimal places.) Total Variable Cost $ 1,029.00 b. The total fixed cost this month. Total Fixed Cost Check my work 9 Presidio, Inc., produces one model of mountain bike. Partial information for the company follows: 0.91 points Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each blke for $640. 3. Calculate net operating income (oss) at each of the sales levels assuming a sales price of $640. eBook Complete this question by entering your answers in the tabs below. Print Required i Required 2 Required 3 References Complete Presidio's cost data table. (Round your Cost per Unit answers to 2 decimal places.) 740 Units 810 Units 1,542 Units $ 192.400 Bikes Produced and Sold Total costs Variable costs Fixed costs per year Total costs Cost per unit $ 192,400 S 0 $ Variable cost per unit Fixed cost per unit Total cost per unit $ 0.00 S 541.00 $ 0.00 Required 1 Required 2 >
