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Please answer the entire problem The Don'lane Company specializes in productng a set of wood patio furniture consisting ofa table and four chairs. The set

Please answer the entire problem

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The Don'lane Company specializes in productng a set of wood patio furniture consisting ofa table and four chairs. The set enjoys great popularity: and the company,r has ample orders to keep production going at its full capacity of 4,100 sets per year Annual cost data at full capacity follow: Direct labor 5 93,000 Advertising $ 93,000 Factory supervision $ 70,000 Property taxes. facton building it: 15000 Sales commissions $ 59,000 Insurance, factory $ IDDU Depreciation, administrative oice equipment 3} 2000 Lease cost. facton equipment if: 11 ,000 Indirect materials, fadory $ 13,000 Depreciation, factory building $ 101,000 Administrative o'ice supplies (billing) $ 4,000 Administrative oice salaries l5 109,000 Direct materials used (wood, bolts, etc) 9} 430,000 Utilities, factory $ 16,000 Required: 1. Enter the dollar amount of each oost item under the appropriate headings. Note that each cost item is classred in two ways: rst, as variable or xed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. (Ittne item is a product cost, it should also be ciassmed as either direct or indirect )(Ifyour answer is zero, leave the cell blank.) \f2. Compute the average product cost of one patio set. {Round your answer to nearest whole dollar.} 3. Assume that production drops to only 1,000 sets annually. Would you expect the average product cost per set to increase, decrease, or remain unchanged? 0 Increase O Decrease O Remain unchanged

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