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

$$71,500$ of indirect materials$)$

$$772,600$

Direct labor $($including $$107,300$ maintenance salaries$)$

$715,400$

Factory overhead:

Supervisor salaries$-$plant

$658,200$

Heat, light, and power$-$plant

$178,900$

Sales salaries

Promotional expenses

$443,500$

$400,600$

Insurance and property taxes$-$plant

$193,200$

Insurance and property taxes$-$corporate offices

$279,000$

Depreciation$-$plant and equipment

$157,400$

Depreciation$-$corporate offices

Total

Marching Ants Inc.

Manufacturing Costs

For the Quarter Ended June $30$

Cost of direct materials used in production

$$

Direct labor

Factory overhead:

Maintenance salaries $$

Indirect materials $$

Supervisor salaries$-$plant

Heat, light, and power$-$plant

Insurance and property taxes$-$plant

Depreciation$-$plant and equipment

Total factory overhead

Total manufacturing costs