SlideShare a Scribd company logo
1 of 1
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. Suzie has come to you for help in
getting her idea off the ground.
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. Suzie has come to you for help in
getting her idea off the ground.
Assume that Suzie Whitson has decided to begin production of her outdoor children's toy. Her
company is Jiffy Jet and costs for the last month follow:
Your friend. Sertie Whitson has deilgned a new type of outdoor toy that heips chlidren leam
baric canceptis such as colors. numbers, and shapes. Surles product will target two groupt: der
eare centers in warm climstet and home school proerame. Surle has come to for helo in getting
her idea oft the ground. Assume that Suzie Whitson has decided to berin oroduction of her
outdoor chaldratis toy. Her conc pay ie litfr 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 ) . The first line (Factory rent) is
done as an example. 28 points 2. Identify each of the preceding costs as variable or fixed. The
first line (Factory rent) is done as an example. 28 points 3. Determine the total cost for each of
the following: 27 points (Please note, you must show your work to receive full credit) 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 4. Suppose all period
costs were incorrectly identified as product costs. What impact could that have on Jiffy Jet's
financial statements? Use a minimum of two sentences to explain your answer. 17 points

More Related Content

More from karlynwih

write a topic about RFID in SCM and what you have learned about adopti.docx
write a topic about RFID in SCM and what you have learned about adopti.docxwrite a topic about RFID in SCM and what you have learned about adopti.docx
write a topic about RFID in SCM and what you have learned about adopti.docx
karlynwih
 
Write the balanced reaction where thiosulfate and protons are the only.docx
Write the balanced reaction where thiosulfate and protons are the only.docxWrite the balanced reaction where thiosulfate and protons are the only.docx
Write the balanced reaction where thiosulfate and protons are the only.docx
karlynwih
 

More from karlynwih (13)

Write an SML function groupdupes that takes a list of integers as its.docx
Write an SML function groupdupes that takes a list of integers as its.docxWrite an SML function groupdupes that takes a list of integers as its.docx
Write an SML function groupdupes that takes a list of integers as its.docx
 
You and another tech are discussing the relative merits of SCSI interf.docx
You and another tech are discussing the relative merits of SCSI interf.docxYou and another tech are discussing the relative merits of SCSI interf.docx
You and another tech are discussing the relative merits of SCSI interf.docx
 
Write an application class (ArrayListApplication) that contains a main.docx
Write an application class (ArrayListApplication) that contains a main.docxWrite an application class (ArrayListApplication) that contains a main.docx
Write an application class (ArrayListApplication) that contains a main.docx
 
Write an algorithm for a program that shows the use of all six math fu.docx
Write an algorithm for a program that shows the use of all six math fu.docxWrite an algorithm for a program that shows the use of all six math fu.docx
Write an algorithm for a program that shows the use of all six math fu.docx
 
write a topic about RFID in SCM and what you have learned about adopti.docx
write a topic about RFID in SCM and what you have learned about adopti.docxwrite a topic about RFID in SCM and what you have learned about adopti.docx
write a topic about RFID in SCM and what you have learned about adopti.docx
 
Write up a simple c-program to find the median of any array-Solution#i.docx
Write up a simple c-program to find the median of any array-Solution#i.docxWrite up a simple c-program to find the median of any array-Solution#i.docx
Write up a simple c-program to find the median of any array-Solution#i.docx
 
Write an assembly language program in the Pep-8 simulator that corresp.docx
Write an assembly language program in the Pep-8 simulator that corresp.docxWrite an assembly language program in the Pep-8 simulator that corresp.docx
Write an assembly language program in the Pep-8 simulator that corresp.docx
 
Write the for structure in JAVA coding to read and display all element.docx
Write the for structure in JAVA coding to read and display all element.docxWrite the for structure in JAVA coding to read and display all element.docx
Write the for structure in JAVA coding to read and display all element.docx
 
Write the formal description of the following state machine (M) What.docx
Write the formal description of the following state machine (M)  What.docxWrite the formal description of the following state machine (M)  What.docx
Write the formal description of the following state machine (M) What.docx
 
Write the C++ code for a function getInput which will read in an unkno.docx
Write the C++ code for a function getInput which will read in an unkno.docxWrite the C++ code for a function getInput which will read in an unkno.docx
Write the C++ code for a function getInput which will read in an unkno.docx
 
Write the balanced reaction where thiosulfate and protons are the only.docx
Write the balanced reaction where thiosulfate and protons are the only.docxWrite the balanced reaction where thiosulfate and protons are the only.docx
Write the balanced reaction where thiosulfate and protons are the only.docx
 
Write functions odd and even- which takes a list of symbols L- and pro.docx
Write functions odd and even- which takes a list of symbols L- and pro.docxWrite functions odd and even- which takes a list of symbols L- and pro.docx
Write functions odd and even- which takes a list of symbols L- and pro.docx
 
Write about the two sources of energy Write about the two sources of.docx
Write about the two sources of energy   Write about the two sources of.docxWrite about the two sources of energy   Write about the two sources of.docx
Write about the two sources of energy Write about the two sources of.docx
 

Recently uploaded

The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
ZurliaSoop
 
Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please Practise
AnaAcapella
 

Recently uploaded (20)

How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Spatium Project Simulation student brief
Spatium Project Simulation student briefSpatium Project Simulation student brief
Spatium Project Simulation student brief
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please Practise
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docx
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
Graduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - EnglishGraduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - English
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 

Your friend- Suzie Whitson- has designed a new type of outdoor toy tha.docx

  • 1. 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. Suzie has come to you for help in getting her idea off the ground. 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. Suzie has come to you for help in getting her idea off the ground. Assume that Suzie Whitson has decided to begin production of her outdoor children's toy. Her company is Jiffy Jet and costs for the last month follow: Your friend. Sertie Whitson has deilgned a new type of outdoor toy that heips chlidren leam baric canceptis such as colors. numbers, and shapes. Surles product will target two groupt: der eare centers in warm climstet and home school proerame. Surle has come to for helo in getting her idea oft the ground. Assume that Suzie Whitson has decided to berin oroduction of her outdoor chaldratis toy. Her conc pay ie litfr 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 ) . The first line (Factory rent) is done as an example. 28 points 2. Identify each of the preceding costs as variable or fixed. The first line (Factory rent) is done as an example. 28 points 3. Determine the total cost for each of the following: 27 points (Please note, you must show your work to receive full credit) 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 4. Suppose all period costs were incorrectly identified as product costs. What impact could that have on Jiffy Jet's financial statements? Use a minimum of two sentences to explain your answer. 17 points