please help

Cost Identification P 1 The Walnut Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity and the company has orders of 10,000 sets per year. Annual cost data, at this level of production, follows. Required: 1) Prepare an answer sheet with the column headings shown below. Enter each dollar amount, on your answer sheet, in two columns. Each amount will be placed in either the variable or fixed column and each amount will be placed in one of the three columns to the right. Indirect product cost \\( = \\) overhead. 2) Total each column. 3) Compute the average cost to make one patio set. 4) If production dropped, from its current level of 10,000 sets to 8,000 sets, would you expect the cost to make one set to increase, decrease, or stay the same? Why