24. Bill Pope has developed a new device that is so exciting he is considering quitting his job in order to produce and market it on a large scale basis. Bill will rent a garage for $300 per month for production purposes. Utilities will cost $40 per month. Bill has already taken an industrial design course at the local community college to help prepare for this venture. The course cost $300. Bill will rent production equipment at a monthly cost of $800. He estimates the material cost per unit will be $5, and the labour cost will be $3. He will hire workers and spend his time promoting the product. To do this he will quit his job, which pays $3,000 per month. Advertising and promotion will cost $900 per month. Required: Complete the chart below by placing an "X" under each heading that helps to identify the cost involved There can be ")s" placed under more than one heading for a single cost, e g, a cost might be a sunk cost, an overhead cost and a product cost; there would be an "X" placed under each of these headings opposite the cost (15) Opport Sunk Variable Fixed Manuf. Product Selling Differentia unity Cost Cost Cost Overhead Cost Cost I Cost Cost eneral rent Utilities cost of the ndustrial Equipment rented Present salary Advertising