Oklahoma Steel Company builds heavy duty steel outdoor furniture sets consisting of one table and four chairs. Because the set is immensely popular the company has ample orders to keep production going at its full capacity of 4,200 sets per year. Annual cost data at full capacity follow: Direct labor Advertising Factory supervision Sales commissions 000 99 000 21000 y building 59.000 Dececiation, administrative office equipment Lease cost, factory equipment 2000 6,000 Deccmciasio f Administrative office supplies (billing) 404 000 ding 5,000 $ 432.000 42.000 Direct materials used (wood, bolts, etc.) Utsties, factory 2. Compute the average product cost of one patio set. (Round your answer to nearest whole dollar.) 1. Enter the dollar amount of each cost item under the appropriate headings. 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 leave the cell blank.) f the item is a product cost, it should also be classified as either direct or indirect.) (If your answer is zero, ra product cost. Period (Selling Cost Behavior Product Cost Administrative) Cost Item Fixed Cost Direct Indirect Variable Direct labor Advertising Factory supervision ey building Sales commissions Insurance, factory Depreciation, administrative office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory building Administrative office supplies (billing) Administrative office salaries Direct materials used (wood, bolts, etc.) tory Total costs 2. Compute the average product cost of one patio set. (Round your answer to nearest whole dollar.) per set Average product cost 3. Assume that production drops only 1,000 sets annually. Would you expect the average product cost per set to increase, decrease, or remain unchanged? Increase Decrease Remain unchanged