JK Company, located in Indonesia, specializes in producing sets of wooden patio furniture consisting of a table and four chairs. The company is currently operating at 80% of its full capacity of 5,000 sets per quarter. Quarterly cost data at this level of operations follow. Factory labour, direct Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, Factory Depreciation, office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory building General office supplies (billing) General office salaries Direct materials used (wood, bolts, etc.) Utilities, factory Cost Item Required: 1. Enter each cost item on your answer sheet, placing the dollar amount of each cost 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 being either direct or indirect as shown.) Factory labour, direct Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory building General office supplies (billing) General office salaries Direct materials used (wood, bolts, etc.) Ihtifting factors $376,000 98,000 108,000 16,300 196,000 7,300 27,600 19,600 29,600 27,000 9,800 89,000 232,000 59,000 Average product cost S Cost Behaviour Variable per patio set 376,000 196,000 29,600 9,800 232,000 50 nnn Fixed 98,000 108,000 16,300 7,300 27,600 19,600 27,000 89,000 Selling and Administrative Cost 98,000 196,000 27,600 9,800 89,000 Produc Direct $ 376,000 2. Based on the answers obtained in Requirement (1), compute the average product cost per patio set. (Round your answer to 2 decimal places.) 232,00