Cost Classification Loring Company incurred the following costs last year: Costs Direct materials Amounts $215,000 Factory rent Direct labor Factory utilities 21,000 124,000 6,200 Supervision in the factory 48,000 Indirect labor in the factory 33,000 Depreciation on factory equipment 7,000 Sales commissions 26,000 Sales salaries 71,000 Advertising 39,000 Depreciation on the headquarters building 9,800 Salary of the corporate receptionist 25,000 Other administrative costs 162,000 Salary of the factory receptionist 23,000