Far Eastern Group Ltd$.$ of Charlottetown, PEI, acquired its manufacturing building $10$ years ago. For several years, the company has rented out a small annex attached to the rear of the building. The company has received a rental income of $$75,000$ per year on this space. The renter's lease will expire soon, and rather than renew the lease, the company has decided to use the space itself to manufacture a new product.Direct materials cost for the new product will total $$60$ per unit. To have a place to store finished units of product, the companyPage $50$will rent a small warehouse nearby. The rental cost will be $$2,000$ per month. In addition, the company must rent equipment for use in producing the new product; the rental cost will be $$25,000$ per month. Workers will be hired to manufacture the new product, with direct labour costs amounting to $$80$ per unit. The space in the annex will continue to be depreciated on a straight$-$line basis, as in prior years.This depreciation is $$5,000$ per year.Advertising costs for the new product will total $$250,000$ per year. A supervisor will be hired to oversee production, with a salary of $$5,500$ per month. Electricity for operating machines will be $$2\mathrm{.}40$ per unit. Costs of shipping the new product to customers will be $$18$ per unit.To provide funds to purchase materials, meet payrolls, and so forth, the company will have to liquidate some temporary investments. These investments are currently yielding an average return of about $$3,000$ per year.Required:Prepare an answer sheet with the following column headings:exercisesBy BehaviourBy FunctionBy RelevanceProduct CostCostItemVariableCostPeriod CostFixedDirectDirectCostMaterialsLabourManufacturingOverheadSelling andAdministrativeOpportunityCostSunkCostList the different costs associated with the new product decision down the extreme left column $($under "Name of the Cost"$).$ Then place an X under each heading that helps describe the type of cost involved. There may be Xs under several column headings for a single cost. $($For