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The following report was prepared for evaluating the performance of the plant manager of Marching Ants Inc. Evaluate and correct this report. Marching Ants Inc.
The following report was prepared for evaluating the performance of the plant manager 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 | ||
$56,200 of indirect materials) | $607,500 | |
Direct labor (including $84,400 maintenance salaries) | 562,500 | |
Factory overhead: | ||
Supervisor salaries | 517,500 | |
Heat, light, and power | 140,650 | |
Sales salaries | 348,750 | |
Promotional expenses | 315,000 | |
Insurance and property taxesplant | 151,900 | |
Insurance and property taxescorporate offices | 219,400 | |
Depreciationplant and equipment | 123,750 | |
Depreciationcorporate offices | 90,000 | |
Total | $3,076,950 |
Marching Ants Inc. | ||
Manufacturing Costs | ||
For the Quarter Ended June 30 | ||
Cost of direct materials used in production | $fill in the blank 2 | |
Direct labor | fill in the blank 4 | |
Factory overhead: | ||
Maintenance salaries | $fill in the blank 6 | |
Indirect materials | fill in the blank 8 | |
Supervisor salaries | fill in the blank 10 | |
Heat, light, and power | fill in the blank 12 | |
Insurance and property taxes-plant | fill in the blank 14 | |
Depreciation-plant and equipment | fill in the blank 16 | fill in the blank 17 |
Total manufacturing costs incurred | $fill in the blank 18 |
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