Question 1 BV manufactures furniture, including tables Selected costs are given below: 1. The tables are made of wood that costs RM100 per table 2. The tables are assembled by workers, at a wage cost of RM40 per table 3. Workers making the tables are supervised by a factory supervisor who is paid RM38,000 per year 4. Electrical costs are RM2 per machine hour. 4 machine hours are required to produce a table 5. The depreciation on the machines used to make the tables totals RM10,000 per year. The machines have no resale value and do not wear out through use 6. The salary of the president of the company is RM100,000 per year 7. The company spends RM250,000 per year to advertise its products 8. Salespersons are paid a commission of RM30 for each table sold 9. Instead of producing the tables, the company could rent its factory space for RM50,000 per year Required: a. Classify the above costs according to these various cost terms: Variable Cost, Fixed Cost, Period Cost, Direct Materials Cost, Direct Labour Cost Manufacturing Overhead Cost, Sunk Cost, and Opportunity Cost