Need help with that last part Your friend Suzie Whitson has

Need help with that last part.

Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children lean basic concepts such as colors, numbers, and shapes. Suzie\'s product will target two groups: day care centers in warnm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Factory rent Company Wages paid to assembly workers Depreciation for salespersons vehicles S 3.180 1.110 30,300 2.010 Utilities for factory Assembly supervisor\'s salany Sandpaper President\'s salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters 865 3.500 170 5.140 4.150 265 1.300 1.010 2.090 7.850 Required: 1. 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). (Select \"NA\" wherever necessary.) Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons\' vehicles Period Screws Utiities 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 roduct eriod roduct OH roduct roduct roduct roduct OH OH OH OH roduct roduct OH Product roduct roduct OH 2. Determine the total cost for each of the following . Direct Materials b. Diret Labor S 38.150 Manufacturing d. Prime Cost e. Conversion Cost f. Total Product Cost

Solution

Answer to part 2 (last part)

Based on your answer in part a,

Direct materials= plastic tubing = $4150

Direct labour = wages paid to assembly worker + wages paid to painters = $30300+7850= $38150

Prime cost = Direct material + Direct Labour = $4150 + 38150 = $42300

Conversion costs = Direct labour + Manufacturing overhead = Direct labour+ Factory rent + screws +utilities for factory+ Assembly supervisior salary +sandpaper+ paint + factory insurance + depreciation on outting machines

Conversion costs = $38150+3180+510+865+3500+170+265+1010+2090=49740

Total Product cost = Direct material + Direct labour + Manufacturing overhead = $53890