bled: Assignment 2 i JK Company, located in Indonesia, specializes in producing sets of wooden patio furniture consisting of a table and four chairs. The company is currently operating at 80% of its full capacity of 5,000 sets per quarter. Quarterly cost data at this level of operations 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 $ $348,000 84,000 94,000 14,900 168,000 5,900 24,800 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 or a product cost. (If the item is a product cost, it should also be classified as being either direct or indirect as shown.) Variable 16,800 26,800 20,000 8,400 82,000 218,000 52,000 Cost Behaviour 348,000 Saved Fixed 84,000 Selling and Administrative Cost 84,000 S Product Cost Direct 348,000 Indirect