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 $ 3,080 1,060 30,100 2,090 570 805 3,630 110 5,100 4,040 Sales commissions Factory insurance Depreciation on cutting machines 275 1,350 1,140 2,040 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: Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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. Note: Select "NA" wherever necessary. Costs 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 Type of cost Cost head Cost classification Show less A 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 Sales commissions Factory insurance $ 3,080 1,060 30,100 2,090 570 805 3,630 110 5,100 4,040 275 1,350 1,140 2,040 8,050 Depreciation on cutting machines 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: 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 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 < Req 1 and 2 Req3 >
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 $ 3,080 1,060 30,100 2,090 570 805 3,630 110 5,100 4,040 Sales commissions Factory insurance Depreciation on cutting machines 275 1,350 1,140 2,040 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: Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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. Note: Select "NA" wherever necessary. Costs 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 Type of cost Cost head Cost classification Show less A 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 Sales commissions Factory insurance $ 3,080 1,060 30,100 2,090 570 805 3,630 110 5,100 4,040 275 1,350 1,140 2,040 8,050 Depreciation on cutting machines 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: 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 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 < Req 1 and 2 Req3 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
not use ai
![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
$ 3,080
1,060
30,100
2,090
570
805
3,630
110
5,100
4,040
Sales commissions
Factory insurance
Depreciation on cutting machines
275
1,350
1,140
2,040
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:
Complete this question by entering your answers in the tabs below.
Req 1 and 2
Req 3
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.
Note: Select "NA" wherever necessary.
Costs
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
Type of cost
Cost head Cost classification
<Req 1 and 2
Req 3 >
Show less A](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F878ce22a-8f9c-470d-a6d9-ff388ac7efca%2F9cd2564d-5544-42a6-96ff-2de9969fd980%2Fvnl6z6_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
$ 3,080
1,060
30,100
2,090
570
805
3,630
110
5,100
4,040
Sales commissions
Factory insurance
Depreciation on cutting machines
275
1,350
1,140
2,040
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:
Complete this question by entering your answers in the tabs below.
Req 1 and 2
Req 3
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.
Note: Select "NA" wherever necessary.
Costs
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
Type of cost
Cost head Cost classification
<Req 1 and 2
Req 3 >
Show less A
![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
Sales commissions
Factory insurance
$ 3,080
1,060
30,100
2,090
570
805
3,630
110
5,100
4,040
275
1,350
1,140
2,040
8,050
Depreciation on cutting machines
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:
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
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
< Req 1 and 2
Req3 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F878ce22a-8f9c-470d-a6d9-ff388ac7efca%2F9cd2564d-5544-42a6-96ff-2de9969fd980%2Fj60da9_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
Sales commissions
Factory insurance
$ 3,080
1,060
30,100
2,090
570
805
3,630
110
5,100
4,040
275
1,350
1,140
2,040
8,050
Depreciation on cutting machines
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:
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
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
< Req 1 and 2
Req3 >
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