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 $380,000 Advertising 100,000 Factory supervision 110,000 Property taxes, factory building 16,500 Sales commissions 200,000 Insurance, factory 7,500 Depreciation, office equipment 28,000 Lease cost, factory equipment 20,000 Indirect materials, factory 30,000 Depreciation, factory building 28,000 General office supplies (billing) 10,000 General office salaries 90,000 Direct materials used (wood, bolts, etc.) Utilities, factory 234,000 60,000 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 product cost. (If the item is a product cost, it should also be classified as being either direct or indirect as shown.) Selling and Administrative Product Cost Cost Direct Indirect* $ 380,000 100,000 100,000 Cost Behaviour Cost Item Variable Fixed Factory labour, direct $ 380,000 Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory building Droy