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2. Compute the average product cost of one patio set. (Round your answer to the nearest whole dollar. The Dorilane Company specializes in producing a

image text in transcribed2. Compute the average product cost of one patio set. (Round your answer to the nearest whole dollar.

The Dorilane Company specializes in producing a set of wood patio turniture consisting of a table and tour chairs. The set enjoys great populanty, and the company has ample orders to keep production going at its full capacity at 4,0do sets per year nnual cost data at fuil capacity tollow $ 93,000 S 105.000 S 67,000 S 24.000 S 56,000 5 8,000 S 3.000 5 15.000 S 17,000 5 107 000 S 5.000 S 109,000 5 425 000 S 44,000 Diract labor Factory supervision Property laxes, faclory building Sales commissions Insurance, factory Depreciation, administrative office equipment Lease cot, fadlory equipment Indirect materials, factory Depriciation, factory building Administrative office s Administrative office s Direct materials used (waod, balls, ec) Utilitles, factory (billing) Required: 1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first as varable or foxed with respect to the number of units produced and sold, and second, as a selling and administrative cost or a product cost. f the item is a product cost, il should also be classified as either direct or indirect.) (If your answer is zero, leave the cell blank.) Cost Behavior Product Cost Variable Fixed Direct labor Facdory supervision Property taxes, factory building Sales commissions Insurance,factory Depreclation, administrative office equipment Lease cost, factory equipment Indirect materials, lactory Depreciation, factory building Administrative office supplis (biling) Adminigtrative office galaries Direct materials used (wood, bolts, etc.) Ulililies, actary Total costs 01 $

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