Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children...
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Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzies 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 | $ | 3,020 |
| Company advertising | 1,200 | |
| Wages paid to assembly workers | 30,600 | |
| Depreciation for salespersons vehicles | 2,050 | |
| Screws | 565 | |
| Utilities for factory | 875 | |
| Assembly supervisors salary | 3,630 | |
| Sandpaper | 115 | |
| Presidents salary | 5,170 | |
| Plastic tubing | 4,050 | |
| Paint | 240 | |
| Sales commissions | 1,380 | |
| Factory insurance | 1,060 | |
| Depreciation on cutting machines | 2,140 | |
| Wages paid to painters | 7,650 | |
2. Determine the total cost for each of the following:
Direct Materials
Direct Labor
Manufacturing Overhead
Prime Cost
Conversion Cost
Total Product COst
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