Cost Classification Loring Company incurred the following costs last year: a. Direct materials, $216,000 b. Factory rent, $24,000 c. Direct labor, $120,000 d. Factory utilities, $6,300 e. Supervision in the factory, $50,000 f. Indirect labor in the factory, $30,000 g. Depreciation on factory equipment, $9,000 h. Sales commissions, $27,000 i. Sales salaries, $65,000 j. Advertising, $37,000 k. Depreciation on the headquarters building, $10,000 I. Salary of the corporate receptionist, $30,000 m. Other administrative costs, $175,000 n. Salary of the factory receptionist, $28,000