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explain how you got your answers please Classifying Costs The following is a manufacturing cost report of Marching Ants Inc. Evaluate and correct this report.
explain how you got your answers please
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 | ||
$57,100 of indirect materials) | $616,100 | |
Direct labor (including $85,600 maintenance salaries) | 570,500 | |
Factory overhead: | ||
Supervisor salariesplant | 524,900 | |
Heat, light, and powerplant | 142,600 | |
Sales salaries | 353,700 | |
Promotional expenses | 319,500 | |
Insurance and property taxesplant | 154,000 | |
Insurance and property taxescorporate offices | 222,500 | |
Depreciationplant and equipment | 125,500 | |
Depreciationcorporate offices | 91,300 | |
Total | $3,120,600 |
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 | $
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