The Doriane Company produces a set of wood patio furniture consisting of a table and four chairs. The company has enough customer demand to justify producing its full capacity of 4,100 sets per year. Annual cost data at full capacity follow Direct labor Advertising Factory supervision Property taxes, factory building sales commissions Insurance, factory Depreciation, administrative office equipment Lease coat, factory equipment Indirect materials, factory Depreciation, factory building Administrative office supplies (billing) Administrative office salaries Direet materials used (wood, bolts, etc.) Utilities, factory $ 93,000 $ 97,000 $ 75,000 $ 17,000 $ 62,000 $ 6,000 $ 3,000 $ 19,000 $ 17,000 $ 103,000 $ 4,000 $ 115,000 $ 427,000 $ 48,000 Required: Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as wariable or fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. If the item is a product cost, it should also be classified as either direct or indirect.) 2. Compute the average product cost of one patio set. Assume that production drops to only 1,000 sets annually. Would you expect the average product cost per set to increase, decrease, remain unchanged? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as variable or ed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. (If the item is dit met chruddslen he racelfiert se aithar dirart ar indirert Requirede dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: tross Flable or fixed with respect to the number of units produced and sold, and second, as a selling and administrative cost or a product cost of the item is a product cost, it should also be classified as either direct or indirect.) 3. Assume that production drops to only 1,000 sets annually. Would you expect the average product cost per set to increase, decreme, or remain unchanged? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Enter the dollar amount of each cost item under the appropriate headhgs. Note that each cost item is classified in two ways: first, as variable or fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. (If the item is a product cost, it should also be classified as either direct or indirect.) Period (Selling Cost Behavior Product Cost or Administrative) Variable Cost Item Fixed Cost Direct Indirect Direct labor dvertising actory supervision roperty taxes, factory building ales commissions surance, factory apreciation, administrative office equipment ase cost, factory equipment direct materials, factory preciation, factory building Prey 1 of 38 Next > Fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. (If the item is a Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is dassified in two ways: first, as variable Required 2 cost, it should also be classified as either direct or . Product Cost Cost Behavior Period (Selling or Administrative) Direct Indirect Variable Fixed Cost Cost Item Direct labor Advertising Factory supervision Property taxes, factory building Sales commissions Insuranon factory Depreciation, administrative office equipment Lease cost factory equipment Indirect materials, factory Depreciation factory building Administrative office supplies (billing) Administrative office salaries Direct materials used (wood, bolts, etc.) Uites, factory Total costs $ 62,000 Enab rrery cases, aetery eusaang Sales esions Trance factory Depreciation, administrative office equipment Indirect materials, factory Depreciation factory building Administrative office supplies (billing) Administrative office salaries Direct materials used (wood, bolta, etc.) Otilities, factory $19.000 $ 17,000 # 103,000 $ 4,000 $ 115,000 $ 427,000 $ 48,000 Required: 1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as variable or fixed with respect to the number of units produced and sold; and second, as a seling and administrative cost or a product cost. Of the item is a product cost, it should also be classified as either direct or indirect.) 2. Compute the average product cost of one patio set. 3. Assume that production drops to only 1,000 sets annually. Would you expect the average product cost per set to increase, decrease, or remain unchanged? Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Compute the average product cost of one patio set. (Round your final answer to nearest whole dollar.) per set Average product cost 1 of 38 Lease coat Indirect materials, factory Depreciation factory building Ninistrative office supplies (billing) Administrative office salaries Direct materials weed wood, bolts, etc.) Otilities, factory $ 105,000 $ 4,000 $ 115,000 $ 427,000 Required 1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways fiestas variable or fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost of the item is a product cost, it should also be classified as either direct or indirect.) 2. Compute the average product cost of one patio set. 3. Assume that production drops to only 1,000 sets annually. Would you expect the average product cost per set to increase, decrease or remain unchanged? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Recitired 3 Assume that production drops to only 1,000 sets annually. Would you expect the average product cost per set to increase, decrease, or remain unchanged? Increase Decrease Remain unchanged Required 3 The Doriane Company produces a set of wood patio furniture consisting of a table and four chairs. The company has enough customer demand to justify producing its full capacity of 4,100 sets per year. Annual cost data at full capacity follow Direct labor Advertising Factory supervision Property taxes, factory building sales commissions Taurace, factory Depreciation, administrative office equipment Lease coat, factory equipment Indirect materials, factory Depreciation, factory building Administrative office supplies (billing) Administrative office salaries Direct materials used (wood, bolts, etc.) utilities, factory $ 93,000 $ 97,000 $ 75,000 $ 17,000 $ 62,000 $ 6,000 $ 3,000 $ 19,000 $ 17,000 $ 103,000 $ 4,000 $ 115,000 $ 427,000 $ 48,000 Required: Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as wariable or fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. If the item is a product cost, it should also be classified as either direct or indirect.) 2. Compute the average product cost of one patio set. Assume that production drops to only 1,000 sets annually. Would you expect the average product cost per set to increase, decrease, remain unchanged? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as variable or mirt met schuid alen ho acelfiarl se althar dirart or indirert ed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. (if the tem se