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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
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. Her company is Jiffy Jet and costs for last month follow:
| Factory rent | $ | 3,110 |
| Company advertising | 1,190 | |
| Wages paid to assembly workers | 30,800 | |
| Depreciation for salespersons’ vehicles | 2,180 | |
| Screws | 575 | |
| Utilities for factory | 830 | |
| Assembly supervisor’s salary | 3,610 | |
| Sandpaper | 105 | |
| President’s salary | 5,150 | |
| Plastic tubing | 4,060 | |
| Paint | 235 | |
| Sales commissions | 1,280 | |
| Factory insurance | 1,050 | |
| Depreciation on cutting machines | 2,050 | |
| Wages paid to painters | 8,500 | |
3. Determine the total cost for each of the following:
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Expert Solution
Answer:
g. Total period cost = Company advertising+Depreciation for salesperson vehicle+Presidents salary+Sales commission
Total period cost = $1190+2180+5150+1280= $9800
h. Total variable cost = Wages paid to assembly workers+Srews+Utilities for factory+Sandpaper+ Plastic tubing+Paint+Sales commission+Wages paid to painters
Total variable cost = $30800+575+830+105+4060+235+1280+8500= $46385
i. Total fixed cost = Factory rent+Company advertising+Depreciation for salesperson vehicle+Assembly supervisor salary+Presidents salary+Factory insurance+Depreciation on cutting machines
Total fixed cost = $3110+1190+2180+3610+5150+1050+2050= $18340
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