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Mgr Accounting Concepts: Prepare a corrected report. Refer to the pictures below. Thank you!! Classifying Costs The following is a manufacturing cost report of Marching
Mgr Accounting Concepts: Prepare a corrected report. Refer to the pictures below. Thank you!!
Classifying Costs The following is a manufacturing cost report of Marching Ants Inc. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $36,900 of indirect materials) $399,000 Direct labor (including $55,400 maintenance salaries) 369,400 Factory overhead: Supervisor salaries-plant 339,800 Heat, light, and power-plant 92,400 Sales salaries 229,000 Promotional expenses 206,900 Insurance and property taxes-plant 99,700 Insurance and property taxes-corporate offices 144,100 Depreciation-plant and equipment 81,300 Depreciation-corporate offices 59,100 Total $2,020,700 b. Prepare a corrected report. 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 Qo1100 Heat, light, and power-plant Insurance and property taxes-plant Depreciation-plant and equipment Total factory overhead TotalStep by Step Solution
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