Question
The following is a manufacturing cost report of Marching Ants Inc. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 1 Materials used
The following is a manufacturing cost report of Marching Ants Inc.
Marching Ants Inc. |
Manufacturing Costs |
For the Quarter Ended June 30 |
1 | Materials used in production (including $55,800 of indirect materials) | $617,000.00 |
2 | Direct labor (including $84,400 maintenance salaries) | 564,000.00 |
3 | Factory overhead: |
|
4 | Supervisor salaries-plant | 519,500.00 |
5 | Heat, light, and power-plant | 141,400.00 |
6 | Sales salaries | 346,500.00 |
7 | Promotional expenses | 313,000.00 |
8 | Insurance and property taxesplant | 152,400.00 |
9 | Insurance and property taxescorporate offices | 218,000.00 |
10 | Depreciationplant and equipment | 123,500.00 |
11 | Depreciationcorporate offices | 88,000.00 |
12 | Total | $3,083,300.00
|
Amount Descriptions
Cost of direct materials used in production
Depreciation-corporate offices
Depreciation-plant and equipment
Direct labor
Heat, light, and power-plant
Indirect materials
Insurance and property taxes-corporate offices
Insurance and property taxes-plant
Maintenance salaries
Materials used in production (including indirect materials)
Promotional expenses
Sales salariesSupervisor salaries-plant
Total manufacturing costs
Evaluate and correct this report. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Marching Ants Inc. |
Manufacturing Costs |
For the Quarter Ended June 30 |
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3 | Factory overhead: |
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10 | Total factory overhead |
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11 |
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