Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: fi fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. product cost, it should also be classified as either direct or indirect.) The Dorilane Company produces a set of wood patio furniture consisting of a table and four chairs. The company has enough customer demand to justify producing its full capacity of 4,000 sets per year. Annual cost data at full capacity follow: 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 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 either direct or indirect) 2. Compute the average product cost of one patio set. 3. Assume that production drops to only 1,000 sets annually. Would you expect the average product cost per set to increase, decrease, or remain unchanged? Complete this question by entering your answers in the tabs below. Enter the dollar amount of each cost item under the appropriate headings. 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 administative cost or a product cost. (If the item is a product cost, it should also be classified as either direct or indirect.) Required: 1. Enter the dollar amount of each cost hem under the appropriate headings. Note that each cost item is class fed 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 of the item is a product cost, it should also be classified as either direct or indirect) 2 Compute the average product cost of one potio set. 3. Assume that production drops to only 1,000 sets annually. Would you expect the average product cost per set to increase, decrease. or remain unchanged? Complete this question by entering your answers in the tabs below. Assume that production drops to enly 1,000 sets anually. Would you expect the average product cost per set to increase, decrease, or remaln unchanged? Required: 1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two w variable or fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost on cost. (ff the item is a product cost, it should also be classified as either direct or indirect.) 2. Compute the average product cost of one patio set. 3. Assume that production drops to only 1,000 sets annually. Would you expect the average product cost per set to increas or remain unchanged? Complete this question by entering your answers in the tabs below. Compute the average product cost of one patio set. (Round your final answer to nesrest whole dollar)