Wollogong Group Limited of New South Wales. Australia, acquired its factory bullding to years ago. For siveral years, the company has rented out a small annex attached to the rear of the building for $30,000 per year. The renter's lease will expire soon. and rather than renewing the lease, the company has decided to use the annex to manufacture a new product. Direct materiats cost for the new product wall total $80 per unit. To have a place to store its finished goods, the company will rent a small warehouse for $500 per month. In addition, the company mast rent equipment for $4,000 per month to produce the new product. Direct laborers wili be hired and paid $60 per unit to manufacture the new product. As in prior years, the space in the annex. will continue to be depreciated at $8,000 per year. The annual adventising cost for the new product will be $50,000. A supervisor will be hired and paid $3,500 per month to oversee production. Electricity for operating machines will be $1.20 per unit. The cost of shipping the new product to customers will be $9 per unit: To provide funds to purchase materials, meet payrolls, and so forth, the company will have to liquidate some temporary investments. These imvestments are presently yielding a return of $3.000 per year. Required: Using the table shown below, describe each of the costs associated with the new product decision in four ways. In terms of cest classifications for predicting cost behavior (column 2), indicate whether the cost is fixed or varlable, Required: Using the table shown below, describe each of the costs associated with the new product decision in four ways, In terms of cost classifications for predicting cost behavior (column 2), Indicate whether the cost is fixed or variable