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Classifying Costs The following is a manufacturing cost report of Marching Ants Inc. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials

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Classifying Costs The following is a manufacturing cost report of Marching Ants Inc. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $53,700 of indirect materials) $580,200 Direct labor (including $80,600 maintenance salaries) 537,200 Factory overhead: Supervisor salaries-plant 494,200 Heat, light, and power-plant 134,300 Sales salaries 333,100 Promotional expenses 300,800 Insurance and property taxes-plant 145,000 Insurance and property taxes-corporate offices 209,500 Depreciation-plant and equipment 118,200 Depreciation-corporate offices 86,000 Total $2,938,500 a. 1. Select the correct sentence for errors in the preceding report. 1. The maintenance salaries of $80,600 and indirect materials of $53,700 should be included as factory overhead. 2. The indirect materials of $53,700 should be included as factory overhead. ? The maintenance calarios nf an ann chuld he included as factory Overhead b. Prepare a corrected report. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Factory overhead: Total factory overhead Total Feedback Check My Work Direct materials are the costs of any material inten the finicha

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