Question

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 salespersonal vehicles Screws Utilities for factory Assembly supervisor's salary Sandpapex President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,160 1,050 30,700 2,090 505 895 3,670 120 5,040 1.130 230 1,200 1,030 2,180 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: Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below.

Answer 1

Fixed cost	Amount
Factory rent	3160
Depreciation	30700
Supervisor salary	3670
President salary	5040
Insurance	1030
Depreciation cutting machine	2180
Total	45780

Total fixed cost is 45780