shareholder value. connect Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by SET A Problem 1-1A Cost computation, classification, and analysis TrueBeat. The drum sets sell for $500 cach. Product or Perlod C2 Variable or Fixedi C3 Perled Product Fixed Costs Varlable 1. Plastic for casing-$17,000 $17.000 $17,000 2. Wages of assembly workers-$82,000. 3. Property taxes on factory-$5,000 4. Accounting staff salaries-$35,000. 5. Drum stands (1,000 stands purchased-$26,000 6. Rent cost of equipment for sales staff-$10,000 7. Upper management salaries-$125,000 8. Annual flat fee for factory maintenance service-$10,000 9. Sales commissions-$15 per unit.. 10. Machinery depreciation, straight-ine-$40,000 1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example.) 2. Compute the manufacturing Required Check (1) Total variable production cost, $125,000 cost per drum set. Analysis Component produced in the next year. What do you predict will be the total cost 3. Assume that 1,200 drum sets are of plastic for the casings and the per unit cost of the plastic for the casings? Explain. 4. Assume that 1,200 drum sets are produced in the next year. What do you predict will be the total cost of property taxes and the per unit cost of the property taxes? Explain