1 Cost Classication Wollogong Group Ltd. of New South Wales, Australia, acquired its factory building about 10 years ago. For several years, the company has rented out a small annex attached to the rear of the building. The company has received a rental income of $30,000 per year on this space. The renter's lease will expire soon, and rather than renewing the lease, the company has decided to use the space itself to manufacture a new product. Direct materials cost for the new product will total $80 per unit. To have a place to store nished units of product, the company will rent a small warehouse nearby. The rental cost will be $500 per month. In addition, the company must rent equipment for use in producing the new product; the rental cost will be $4,000 per month. Workers will be hired to manufacture the new product, with direct labor cost amounting to $60 per unit. The space in the annex will continue to be depreciated on a straightline basis, as in prior years. This depreciation is $8,000 per year. 0 Advertising costs for the new product will total $50,000 per year. A supervisor will be hired to oversee production; her salary will be $1,500 per month. Electricity for operating machines will be $1.20 pe: Prod Cos Period ['0 provide inds to puIN'm" \"at t {semng and idate some ._of the Variable Fixed Direct Direct Manufacturing Adminislraliva) Opportunity Sunk temporary I-Geei Cast Cast Materials Leber Overhead Cast Cast Casi '00 per year. 0 Required: 0 Prepare an answer sheet with the following column headings