Problems LO3 3-49 Cost classification and target profit Walt's Woodwork Company makes and sells wooden shelves. Walt's carpenters make the shelves in the company's rented building. Walt has a separate office at another location that also includes a showroom where customers can view sample shelves and ask questions of salespeople. The company sells all the shelves it produces each year and keeps no inventories. The following information pertains to Walt's Woodwork Company for the past year: a. Units produced and sold 50,000 b. Sales price per unit $70 c. Carpenter labor to make shelves 600,000 d. Wood to make the shelves 450,000 e. Sales staff salaries 80,000 f. Office and showroom rental expenses 150,000 g. Depreciation on carpentry equipment 50,000 h. Advertising 200,000 i. Sales commissions based on number of units sold 180,000 j. Miscellaneous fixed manufacturing overhead 150,000 k. Rent for the building where the shelves are made 300,000 1. Miscellaneous variable manufacturing overhead 350,000 m. Depreciation for office equipment 10,000