Cost Description Dollar Product (DM), Direct Variable or or Amount labor (DL), or Fixed Period Manufacturing overhead (MOH) Factory rent $3,200 Product MOH Fixed Company advertising 1,000 Wages paid to assembly workers 30,000 Depreciation for salespersons' vehicles 2,000 Screws 500 Utilities for factory 900 Assembly supervisor's salary 3,500 Sandpaper 150 President's salary 6,000 Plastic tubing 4,200 Paint 250 Sales commissions 1,200 Factory insurance 1,000 Depreciation on cutting machines 2,000 Wages paid to painters 7,500 3. Determine the total cost for each of the following: 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 1. 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