Question
L Wages of train engineers EX 15-8 Classifying costs The following is a manufacturing cost report of Marching Ants Inc. 061-20 For the Quarter Ended
L Wages of train engineers EX 15-8 Classifying costs The following is a manufacturing cost report of Marching Ants Inc. 061-20 For the Quarter Ended June 30 Marching Ants Inc. Manufacturing Costs Materials used in production (including $56,200 of indirect materials) $ 607,500 Direct labor (including $84,400 maintenance salaries) Factory overhead: Supervisor salaries-plant. 562,500 517,500 Heat, light, and power-plant. 140,650 348,750 Sales salaries....... 315,000 Promotional expenses.. Insurance and property taxes-plant.. 151,900 Depreciation-plant and equipment Insurance and property taxes-corporate offices. 219,400 123,750 Depreciation-corporate offices 90,000 $3,076,950 Total. a. List the errors in the preceding report. b. Prepare a corrected report. manufacturing firm
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started