The following information is taken from the records of the Underland Manufacturing Company for the year ending December 31, 2012. There were no beginning or ending inventories.


 

Data Table Sales $ 15,100,000 Long-term rent, factory 70,000 Sales commissions 480,000 Factory superintendent's salary 25,000 Advertising 390,000 Factory supervisors' salaries 104,000 Shipping expenses 290,000 Direct materials used 3,500,000 Administrative executive salaries 120,000 Direct labor 1,800,000 Administrative clerical salaries (variable) 400,000 Cutting bits used 54,000 Fire insurance on factory equipment 6,000 Factory methods research 38,000 Property taxes on factory equipment 28,000 Abrasives for machining 101,000 Indirect labor 600,000 Depreciation on factory equipment 390,000