Ravsten Company uses a job-order costing system. The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 30,000 machine-hours and incur $150,000 in manufacturing overhead cost. The following transactions occurred during the year: a. Raw materials requisitioned for use in production, $304,000 (75% direct and 25% indirect). b. The following costs were incurred for employee services: Direct labor $ 175,000 Indirect labor $ 33,000 Sales commissions $ 25,000 Administrative salaries $ 40,000 c. Heat, power, and water costs incurred in the factory, $65,000. d. Insurance costs, $25,000 (85% relates to factory operations, and 15% relates to selling and administrative activities). e. Advertising costs incurred $65,000. f. Depreciation recorded for the year, $75,000 (80% relates to factory operations, and 20% relates to selling and administrative activities). g. The company used 55,000 machine-hours during the year. h. Goods that cost $495,000 to manufacture according to their job cost sheets were transferred to the finished goods warehouse. i. Sales for the year totalled $730,000. The total cost to manufacture these goods according to their job cost sheets was $490,000.