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please answer 1 and 2 The Outdoor Dining Company specializes in producing a set of wood patio fumiture consisting of a table and four chairs.

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The Outdoor Dining Company specializes in producing a set of wood patio fumiture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 2,100 sets per year. Annual cost data at full capacity follow. Required: 1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classiffed in two ways: first. as either variable or fixed with respect to the number of units produced and sold, and second, as either a selling and administrative cost or a product cost. (If the item is a product cost, it should aiso be classified as either direct or indirect) 2. Compute the average product cost per patio set. (Round your ansmir to 2 decimal places.)

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