Water Technology, Inc. Incurred the following costs during 20xt. The company sold all of its products manufactured during the year 19 Drect naterial Direet labor Manufactaring overhead vtilities (prisarily electridity Depreciation on plant and equipment 5,000.000 120,000 220,000 150.000 400.000 230,000 Supervisory saleries Property taxer Selling costs Advertising Sales commisnions Administrative costs Salaries of top managecent and staff Office supplie Depreciation on bailding and eqaipment 165,000 80,000 372,000 45,000 80.000 Print erences During 20x1, the company operated at about half of its capacity, due to a slowdown In the economy Prospects for 20%2 are slightly better. Jared Lowes, the marketing manager, forecasts a 20 percent growth In sales over the 20xf level Categorize each of the costs listed below as to whether it is most likely varlable or fxed. Forecast the cost items listed. Required: the 20x2 cost amount for each of able Direct material Direct labor Manufacturing overhead Ublibies (primarily electricity) Depreciation on plant and equipment Sunervisnrv salaries Next Prex 19 o 19