The Outdoor Dining Company specializes in producing a set of wood patio furniture consisting of a tabie and four chairs. The sent enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 1,800 sets per your Annuat cost data at full capacity follow: Required: 1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classiffed in two ways: first either variable or fixed with respect to the number of units produced and sold, ard second, as either a selling and administrative c 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 per patio set. (Round your answer to 2 decimal places.) 3. Due to reduced demand, assume that production drops to only 1,000 sets per year. Would you expect the average product c patio set to increase, decrease, or remain unchanged? Increase Decrease Remain unchanged 4. This part of the question is not part of your Connect assignment