Exercise 2-40 Classifying Cost of Production OBJECTIVE A factory manufactures jelly. The jars of jelly are packed six to a box, and the boxes are sold to grocery stores. The following types of cost were incurred: Receptionist's wages Telephone Utilities Rental of Santa Claus suit (for Christmas party for children of factory workers) Supervisory labor salaries Insurance on factory building Depreciation on factory equipment Oil to lubricate filling equipment Jars Sugar Fruit Pectin (thickener used in jams and jellies) es Depreciation on the factory building Cooking equipment operators' wages Filling equipment operators' wages Packers' wages Janitors' wages (Continued) Required: Classify each of the costs as table. The row for "Jars" is filled in as an example. direct materials, direct labor, or overhead by using the followinge Costs Direct Materials Direct Labor Manufacturing Overhead Jars Use the following information for Exercises 2-41 and 2-42: Grin Company manufactures digital with the following costs: cameras. In January, Grin produced 4,000 cameras Direct materials $400,000 Direct labor 80,000 Manufacturing overhead 320,000 There were no beginning or ending inventories of WIP