Water Technology, Inc., incurred the following costs during 20x1. The company sold all of its products manufactured during the year. Direct material $ 3,000,000 Direct labor 2,200,000 Manufacturing overhead: Utilities (primarily electricity) 140,000 Depreciation on plant and equipment 230,000 Insurance 160,000 Supervisory salaries 300,000 Property taxes 210,000 Selling costs: Advertising 195,000 Sales commissions 90,000 Administrative costs: Salaries