Question #1: 25 Points The Fiberglass Boat Company reported the following costs and expenses in May 2021: Factory utilities $ 12,865 Direct labor $172,450 Depreciation on factory Sales staff salaries 52,980 equipment 7,320 Property taxes on factory Depreciation on delivery trucks 2,755 building 1,200 Indirect factory labor 48,925 Repairs to office equipment 635 Indirect materials 27,566 Factory repairs 5,825 Direct materials used 205,935 Advertising 12,900 Factory manager's salary 14,500 Office supplies used 1,963 Instructions 1. Prepare a schedule as shown in the example below, listing each item above, including its dollar amount, under the proper classification heading. 2. Total each classification to show the total of all costs and expenses under each one. Cost and Expense Description Manufacturing Overhead Product Cost Period Cost Factory Utilities $12,865