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 $360,000 Advertising 90,000 Factory supervision 100,000 Property taxes, factory building 15,500 Sales commissions 180,000 Insurance, factory 6,500 Depreciation, office equipment 26,000 Lease cost, factory equipment 18,000 Indirect materials, factory 28,000 Depreciation, factory building 23,000 General office supplies (billing) 9,000 General office salaries 85,000 Direct materials used (wood, bolts, etc.) Utilities, factory 224,000 55,000 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.)