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 $ $3,150$

Company advertising $1,000$

Wages paid to assembly workers $30,900$

Depreciation for salespersons$$ vehicles $2,040$

Screws $580$

Utilities for factory $890$

Assembly supervisor$$s salary $3,520$

Sandpaper $160$

President$$s salary $5,160$

Plastic tubing $4,190$

Paint $235$

Sales commissions $1,350$

Factory insurance $1,200$

Depreciation on cutting machines $2,180$

Wages paid to painters $7,900$

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 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: a$.$ Direct Materials

b$.$ Direct Labor

c$.$ Manufacturing Overhead

d$.$ Prime Cost

e$.$ Conversion Cost

f$.$ Total Product Cost

g$.$ Total Period Cost

h$.$ Total Variable Cost

i$.$ Total Fixed Cost