Required 1. classy each cost into direct or indirect cost categories Provide your justification as well as any assumptions that you make 1 activities needed to manufacture pencils The activities when making the pencil are divided into 4 chapters The Leads Mong graphite & clay Pressing the leads Drying the leads Firing the leads Coloupects The Penis Man the grooves inserting the leads Cosing the sandwich The orng wheel 2 Explain how you would assign the resource costs identified (2) to the activities that identified in number (1) Provide your station as well as many assumptions that you 3 Explan how you would locate the activity costs to the cost object (pench) Provide your justification as well as any assumptions that you make Applying go De the mportance of having the propriate costing method to a company's den making process Ming . 1 ng Part Pasting the pench Stamping the penas Doing the pencils The drying room Gay Testing with pressure . Shperng the pench Viscono Packaging 2 Resource code to manufacture pencils cost of wood graypant) - cost of parts of the freshed components used to be the pencil cost of transportation and funding of various materials used and of the finished product to the actory cost of bo and benefits for the factory workers employees cost of energy cost of supplied to mantan cost of governmentations, les compliance to safety laboto evements) cost of capitale used to be to purchase and an inventories of aw materiais part supplies and finished product) cost of management . 1. activities needed to manufacture pencils. . . . . . . . . The activities when making the pencil are divided into 4 chapters. The Leads Mixing graphite & clay Pressing the leads Drying the leads Firing the leads Wax bath Colour pencil leads The Pencils Milling the grooves Applying glue Inserting the leads Closing the slat sandwich" The drying wheel Milling the pencil Painting and Stamping Mixing Paint Painting the pencils Stamping the pencils Dipping the pencils The drying room Finishing Quality Testing (withstanding >2,5kg of pressure) Sharpening the pencils Visual control Packaging 2. Resource costs needed to manufacture pencils cost of raw materials (wood, graphite, clay, brass, lacquer, paint, etc.) cost of parts or other finished components used to assemble the pencil cost of transportation and handling of various materials used and of the finished product to the factory cost of labor, and benefits for the factory workers employees cost of energy cost of supplies used to maintain ea cost of government regulations (taxes, duties, compliance to safety, labor, or environmental rules) cost of capital (money used to buy equipment, to purchase and maintain inventories of raw materials, parts, supplies and finished product) cost of management . . . . . Required 1. classify each cost into direct or indirect cost categories. Provide your justification as well as any assumptions that you make. 2. Explain how you would assign the resource costs identified (2) to the activities that identified in number (1). Provide your justification as well as any assumptions that you make. 3. Explain how you would allocate the activity costs to the cost object (pencils). Provide your justification as well as any assumptions that you make. 4. Discuss the importance of having the appropriate costing method to a company's decision-making process