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IK Company, located in Indonesla, 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 5,000 sets per quarter. Quarterly cost data at this level of operations. follow: Required: Required: 1. Enter each cost ifem on your answer sheet, placing 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 ifem is classified in two ways: first, as variable or fixed, with respect to the number of units produced and sold, and, second, as a selling and administrative cost or a product cost. (ff the item is a product cost. it should also be classified as being either direct or indirect as shown.) JK Company. located in Indonesia, spectalizes in producing sets of wooden patis furniture consisting of a table and four chairs. The compony is currently operating at 80% of its full capacity of 5.000 sets per quarter. Cuarterly cost data ot this level of operations follow: Required: Required: 1. Enter each cost item on your answer sheet, placing the dollar amount of cach cost ilem under the appropriate headingu. 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 fived, with respect to the number of units produced and sold, 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 being either direct or indirect as shown.)

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