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help Loring Company incurred the following costs last year: Costs Amounts Direct materials $214,000 Factory rent 20,000 Direct labor 120,000 Factory utilities 6,300 Supervision in
help Loring Company incurred the following costs last year: Costs Amounts Direct materials $214,000 Factory rent 20,000 Direct labor 120,000 Factory utilities 6,300 Supervision in the factory 55,000 Indirect labor in the factory 30,000 Depreciation on factory equipment 8,500 Sales commissions 25,000 Sales salaries 61,000 Advertising 34,000 Depreciation on the headquarters building 9,600 Salary of the corporate receptionist 27,000 Other administrative costs 185,000 Salary of the factory receptionist 28,000 Required: 1. Classify each of the costs using the table provided. Be sure to total the blank. Direct materials is shown as an example. TRAEN
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