The GO-Magic company uses job-order costing system. The following data relate to the first quarter of the company's fiscal year a. Materials requisitioned for production cost $550,000 ( direct materials and indirect materials are proportioned by 6:2). b. Utility costs incurred are $75,000 C. Raw Materials purchased on cash $450,000 d. Salaries Indirect Labour Direct Labour Selling Commission Admin Salaries $ 125,000 250,000 140,000 200,000 e. Marketing cost incurred is $120,000 f. Prepaid insurance expired during this period $170,000.[ 75% belongs to the factory and the rest to the adminl g. Rental expense for the factory is $80,000 and rent for the shop is $25,000 h. Supplies cost incurred during the month is $12,000 [on account] The GO-Magic company uses job-order costing system. The following data relate to the first quarter of the company's fiscal year a. Materials requisitioned for production cost $550,000 ( direct materials and indirect materials are proportioned by 6:2). b. Utility costs incurred are $75,000 C. Raw Materials purchased on cash $450,000 d. Salaries Indirect Labour Direct Labour Selling Commission Admin Salaries $ 125,000 250,000 140,000 200,000 e. Marketing cost incurred is $120,000 f. Prepaid insurance expired during this period $170,000.[ 75% belongs to the factory and the rest to the adminl g. Rental expense for the factory is $80,000 and rent for the shop is $25,000 h. Supplies cost incurred during the month is $12,000 [on account]