IK Company, iocated in indonesla, speciakzes in producing sets of wooden patio furniture consicting of a table and four chairs. The company is currently operating at 800 of its full capacity of 5,000 sets per quarter Quarterty cost data at this level of operations follow 2. Based on the answers obtained in Requirement (1), compute the average product cost per patlo set. (Round your onswer to 2 declmal pleces.) 3. Assume that production increases to only 4,200 sets quarterly Would you expect the average product cost per patio set to increase, decrease, or remain unchanged? Increase Decrease Remain unchanped 4. Refer to the onginal data. The presidents brothertn-taw has consigered making a patio set and has priced the necensary matenais at a butiding supply store. He has asked the president if he could purchase a patio set from the JK company "at cost" and the preudent his agreed to let him do so 6. Woula you expect any atsagreement over the price the brothertin-taw should pay? What price does the president probabiy have in mind? The brother in law? (Round your antwer to 2 decimal pleces.) b. since the company ns operating below its fue capacily, what cost ferm whed in the chapter might oe the most apphcabe in thas situotion Opportungy cost sunk cost Heievant eost