The Mahela Company specializes in producing sets of wooden patio furniture consisting of a table and four chairs. The company is currently operating at 80% of its full capacity of 2.100 sets per quarter. Quarterly cost data at this level of operations follow Factory labour, direct Advertising Factory supervision Property taxes, factory building Sales commissions Insurance factory Depreciation office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory building General office supplies (billing) General office salaries Direct sterials used (wood, bolts, etc.) utilities, factory $118,500 50,100 40.100 3,600 89,500 2,600 4,100 12,100 6,100 10,100 3.100 60,500 94,500 20,100 Required: 1. Enter the dollar amount of each cost item under the appropriate headings. As examples, this has been done already for the first two items in the preceding list. Note that each cost item is classified in two ways first as variable or fixed, with respect to the number of units produced and solid, 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 as shown Cost Behaviour Variable Fixed 5 118.500 Selling and Administrative Cost Cost Item Factory labour direct Product Cost Direct Indirect 118 500 $ 3 2. Fars on the rowers obtained in Resmenit.come the average product cost per post Round your answer to 2 decimal places) OR me that motion incremes to only 1000 des quarterly Would you expect the average produd cont per putio ut torte, decorreman unchanged increase Decrea , Remachanged 11 W21 Help Save & ERR Submit 4. Refer to the original data. The president's brother in law has considered making a patto set and has priced the necessary materials at a building supply store He has asked the president if he could purchase a patio set from the Mahela Company of cost and the president has wreed to let him do so Would you expect any disagreement over the price the brother as tow should pw Whit price does the president probably have in mind? Round your answer to 2 decimal places) b. Since the company is operating below its full capacity, what cost term used in the chapter might be the most applicable in this situation OOpportunity cost osunk cost