Your friend, suzie whitson, has designed a new type of outdoor toy that children learn basic concepts such as colors, numbers, and shapes. suzieās 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 $ 3,030
company advertising 1,060
wages paid to assembly workers 31,400
depreciation for salespersonsā vehicles 2,140
screws 595
utilities for factory 825
assembly supervisorās salary 3,640
sandpaper 125
presidentās salary 5,050
plastic tubing 4,080
paint 240
sales commissions 1,330
factory insurance 1,010
depreciation on cutting machines 2,120
wages paid to painters 8,000
assume that suzie whitson has decided to begin production of her outdoor childrenās 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.
Answers: 1
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Your friend, suzie whitson, has designed a new type of outdoor toy that children learn basic concep...
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