Question $2(26$ points$)$ Jelly Babes Wonder Bakery Inc. produces customized food for kids according to customers' orders. Because all food is made fresh, the food preparation procedures are all completed every day and therefore the firm does not have any work$-$inprocess inventory. Mary, the chief accountant of the company, looks at the financial information for the $2$nd quarter of $2024,$ and finds that everything looks fine except for the sudden surge of the insurance premium from $\backslash (\backslash$$ $120,000\backslash )$ in the previous quarter to $\backslash (\backslash$$ $460,000\backslash )$ in the $\backslash (2^\{\backslash$text $\{$nd $\}\}\backslash )$ quarter due to a large insurance claim made on the factory facility after a fire in $2023.$ The financial information for the second quarteris presented below: Depreciation of factory building Depreciation of factory equipment Direct material used for $\backslash (2^\{\backslash$text $\{$nd $\}\}\backslash )$ quarter of $2024$ Direct labour cost incurred Electricity for factory Finished goods inventory, April $1$st Finished goods inventory, June $30$ Indirect labour cost incurred Indirect material used Insurance on factory and equipment Selling and administrative expenses $\backslash$$$187,500\backslash$$$60,000\backslash$$$310,000\backslash$$$700,000\backslash$$$105,000\backslash$$$0\backslash$$$500,000\backslash$$$235,000\backslash$$$67,500\backslash$$$460,000\backslash$$$803,500$