Hello, can someone please help me. I'm new to accounting and i'm having lots of trouble with these questions. Please, if you know help me
2. value: 10.00 points Problem 2-3 Identifying Costs, Cost Concepts (LO1 - CC1, 2; LO2 - CC3, 4; LO4 - CC7, 9) The Mahela Company specializes in producing sets of wooden patio furniture consisting of a table and four chairs. The company has ample orders to keep production going at its full capacity of 3,400 sets per quarter. Quarterly cost data at full capacity follow: Factory labour, direct $ 125,000 Advertising 51,400 Factory supervision 41,400 Property taxes, factory building 4,900 Sales commissions 87,000 Insurance, factory 3,900 Depreciation, office equipment 5,400 Lease cost, factory equipment 13,400 Indirect materials, factory 7,400 Depreciation, factory building 11,400 General office supplies (billing) 4,400 General office salaries 67,000 Direct materials used (wood, bolts, etc.) 101,000 Utilities, factory 21,400Required :` 1 . Enter the dollar amount of each cast 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 either direct or indirect as shown !' Cost Behaviour Selling and Product Cost Cost Item Variable Fixed Administrative Cost Direct Indirect Factory labour , direct 125, 000 125, 000 Advertising 51, 400 51, 400 Factory supervision Property taxes , factory building Sales commissions Insurance , factory Depreciation , office Equipment Lease cast, factory Equipment Indirect materials , factory Depreciation , factory building General office supplies ( billing*! General office salaries Direct materials used ( wood , bolts , Etc .! Utilities , factory Total costs * To units of product .2. Compute the average product oost per patio set. {Round your answer to 2 decimal places.) _ pan-a set 3. Assume that production drops to only 1,00!) sets quarterly. l|.l'tl'ould you expect the average product oost per patio set to increaser decrease, or remain unchanged? (:1 Increase Cl Decrease C} Remain unchanged ll. Refer to the original data. The president's brother-in-IatrilI has considered making a patio set and has priced the necessary materials at a building supply store. He has asked the president if he could purchase a patio set from the Mahala Company Iat oust\"ll and the president has agreed to let him do so. a. Would you expect any disagreement over the price the brotherinlaw should pay? What price does the president probably have in mind? [Round your answer to 2 decimal places.)