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can you help me with the answer from 1 to 4 thank you Cost Identification P1-C The Walnut Company specializes in producing a set of

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Cost Identification P1-C The Walnut Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity and the company has orders of 10,000 sets per year. Annual cost data, at this level of production, follows. Advertising $ 40,000 Factory labor, direct 130,000 Salaries, office 90,000 Depreciation, factory 45,000 Office supplies (billing) 5,000 Sales commissions 150,000 Utilities, factory 65,000 Direct materials used 80,000 Rent, office 20,000 Insurance, factory 10,000 Indirect labor 20,000 Property taxes, factory 50,000 Depreciation, office equipment 15,000 Required: 1) Prepare an answer sheet with the column headings shown below. Enter each dollar amount, on your answer sheet, in two columns. Each amount will be placed in either the variable or fixed column and each amount will be placed in one of the three columns to the right. Indirect product cost = overhead. Selling or Cost Behavior Administrative Variable Fixed Cost $ 40,000 $ 40,000 $ 130,000 Product Cost Direct Indirect (OH) Advertising Factory labor, direct $ 130,000 2) Total each column. 3) Compute the average cost to make one patio set. 4) If production dropped, from its current level of 10,000 sets to 8,000 sets, would you expect the cost to make one set to increase, decrease, or stay the same? Why

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