Question 2 of 3 3000 points cycle Business manufactures and sells road and mountain bikes through a network of retail outlets in western Canada. Below is a partial list of expense items incurred in the most recent month (November). when 1.140 bicycles were manufactured, shipped, and sold. There was no beginning or ending work in process or finished goods inventory in November October November Units produced and sold 1,040 1,140 Sales $1,040,000 $1,140,000 Leather used for the bicycle seats 38,760 35,360 Production manager's salary 6.700 6,700 Life insurance for the company president 270 270 5,370 Electricity used in the production facilities 5.870 Sales commissions 51,680 46,400 Internet advertising 1,200 29,120 Employee benefits for the production workers t 31.920 Property taxes on the production facilities 1,700 1.700 46,400 Shipping costs 51,680 Salary of the chief financial officer 11,400 11,400 "Each month, regardless of how much electricity is used, Cycle Business pays a $170 base charge to the utilities company. tEmployee benefits total 20% of the wages paid to production workers, who on average earn $20 per hour. Each bicycle requires 7 hours of direct labour Required 1. With respect to the partial list of November expenses: a. Use the Type column to label each item as a Manufacturing, Administrative, or Selling cost. b. For those items you labeled as a Manufacturing cost, i. Use the Behaviour column to label each item as variable or fixed manufacturing costs. ii, Use the Direct/Indirect column to label each item as a direct or indirect cost