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 $31,700 of indirect materials) $342,700 Direct labor (including $47,600 317,300 maintenance salaries) Factory overhead: Supervisor salaries-plant 291,900 Heat, light, and power-plant 79,300 Sales salaries 196,700 Promotional expenses 177,700 Insurance and property taxes- 85,700 plant Insurance and property taxes- 123,700 corporate offices Depreciation-plant and equipment 69,800 Depreciation-corporate offices 50,800 Tota $1,735,600 Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Factory overhead: Total factory overhead Total manufacturing costs $1,735,600 Total Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Cost of direct materials used in production Depreciation-corporate offices Maintenance salaries Sales salaries Total factory overhead Total manufacturing costs 50,800 Depreciation-corporate offices $1,735,600 Total Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Factory overhead: Direct labor Maintenance salaries Promotional expenses Sales salaries Total factory overhead Total manufacturing costs 1,/5- Total Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Cost of materials used in production Depreciation-corporate offices Insurance and property taxes-corporate offices Heat, light, and power-plant Total factory overhead Total manufacturing costs Insurance and property taxes- 123,70 corporate offices Depreciation-plant and equipment 69,800 Depreciation-corporate offices 50,800 Total $1,735,600 Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Factory overhead: Depreciation-corporate offices Depreciation-plant and equipment Promotional expenses Sales salaries Total factory overhead Total manufacturing costs Insurance and property taxes- 123,70 corporate offices Depreciation-plant and equipment 69,800 Depreciation-corporate offices 50,800 Total $1,735,600 Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Factory overhead: Depreciation-corporate offices Depreciation-plant and equipment Promotional expenses Sales salaries Total factory overhead Total manufacturing costs