2 2 01:31:59 eBook JK Company, located in Indonesia, specializes in producing sets of wooden patio furniture cons company is currently operating at 80% of its full capacity of 5,000 sets per quarter Quarterly cost follow Factory labour, direct Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory building General office supplies (billing) General office salaries Direct materials used (wood, bolts, etc.) Utilities, factory Cost Item Factory labour, direct Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Required: 1. Enter each cost item on your answer sheet, placing the dollar amount of each cost item under the appropriate headings. As examples, this has been done already for the first two items in the preceding list. Note that each cost item is classified in two ways first, as variable or fixed, with respect to the number of units produced and sold, and, second, as a selling and administrative cost product cost. (If the item is a product cost, it should also be classified as being either direct or indirect as shown.) ffice equipment $374,000 97,000 107,000 16,200 194,000 S 7,200 27,400 19,400 29,400 26,500 9,700 88,500 231,000 58,500 Cost Behaviour Variable 374,000 194,000 Fixed 97,000 107,000 16,200 Selling and Administrative Cost 7,200 27,400 10.400 97,000 194,000 27,400 $ Product Cost Direct 374,000 19 400 Indirect 107,000 16,200 7,200