Classifying Costs The following is a manufacturing cost report of Marching Ants Inc. Evaluate and correct this report. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $57,700 of indirect materials) $623,100 Direct labor (including $86,500 maintenance salaries) 576,900 Factory overhead: Supervisor salariesplant 530,700 Heat, light, and powerplant 144,200 Sales salaries 357,700 Promotional expenses 323,100 Insurance and property taxesplant 155,800 Insurance and property taxescorporate offices 225,000 Depreciationplant and equipment 126,900 Depreciationcorporate offices 92,300 Total $3,155,700 Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Cost of direct materials used in production $ 565,400 Direct labor 490,400 Factory overhead: $ Total factory overhead Total manufacturing costs $