The Outdoor Dining Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 1,800 sets per year. Annual cost data at full capacity follow: Direct labour $134, 208 Advertising $ 37, 108 Factory supervision $ 48, 600 Property taxes, factory building $ 2, 900 Sales commissions $ 74, 600 Insurance, factory $ 2,500 Depreciation, administrative office equipment $ 3,500 Lease cost, factory equipment $ 14, 908 Indirect materials, factory $ 5, 400 Depreciation, factory 9, 100 Administrative office supplies $ 3,708 Direct materials used (wood, bolts, etc.) $ 85, 060 Utilities, factory $ 24, 300 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 either variable or fixed with respect to the number of units produced and sold, and second, as either 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) Cost Behavior Selling and Product Cost Administrative Cost Item Variable Fixed Cost Direct Indirect Direct labour Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, administrative office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory Administrative office supplies Direct materials used (wood, bolts, etc.) Utilities, factory Total costs2. Compute the average product cost per patio set. (Round your answer to 2 decimal places.) Average product cost per patio set 3. Due to reduced demand, assume that production drops to only 1,000 sets per year. Would you expect the average product cost per patio set to increase, decrease, or remain unchanged? O Increase O Decrease O Remain unchanged