The Cycde More Company manufactures high end bicycles. The controller for the company Ima Sewsique, spent much of the past qarter at home due to a lingering illness. As a result the company records are incomplete. The existing records are presented below: Begin Raw Materials Inventory Work in Process Finished Goods Inventory $7,500 $7,500 Ending Balances 12/31/2018 Raw Materials Inventory Work in Process Finished Goods Inventory $1,525 $1,025 Additional Information: Raw Materials Purchased Cost of Goods Sold (unadjusted) Raw Materials Used in Production Prime Costs Overhead Rate based on Direct Labor Dollars $98,000 $305,000 $103,000 $143,000 400% Consider the composition of manufacturing overhead. Label the items listed as either a variable cost, a fixed cost, or a mixed cost. 4. The owners of Cycle More have chosed to apply overhead based on direct labor dollars. Given the composition of your list of overhead items in your response to question 3 (above), when would direct labor be an accurate predictor of the cost of overhead? 5