Part #1 Justify to the CEO what type of costing method (job-order, process costing, variable costing and/or activity-based costing) you would recommend AFC use. Assume that all of the items produced are sold. Use the following accounting data in your analysis. Annual Production 5000 chairs/10 batches, 4000 tables/20 batches, 3000 dressers/20 batches Raw materials (board feet (BF)/unit) chair 10, table 15, dresser 20 Raw materials price/unit $2/BF Assembly labor (hrs./unit) chair 5 hrs., table 7 hrs., dresser 10 hrs. Labor rate $15/hr. Assembly department $5 overhead/direct labor hr. Painting process machine hours (MH) chair 0.5, table 1.5, dresser 2.0 Painting department overhead/MH $20 Changeover cost/batch chair $100, table $150, dresser $200 Sales price chair $180, table $270, dresser $270 Fixed Cost $50,000 Variable SG&A $5/unit Fixed SG&A $25,000 Within your analysis, make sure to include the following