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The Outdoor Dining Company specializes in producing a set of wood patio furniture consisting of...

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Accounting

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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 Required: 1. Enter the dollar amount of each cost item under the appropriate headings Note that each cost item is class fied 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 aiso be classified as ether direct or indirect) 2. Compute the average product cost per patio set. (Round your onswer to 2 decimol ploces.) 3. Due to reduced demand, assume that production drops to only 1,000 sets per year. Would you cxpect the average product cost per patio set to increase, decreose, or temain unchanged? Increase Decrease Remain unchanged 4. This part of the question is not part of your Connect assignment

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