The following report was prepared for evaluating the performance of the plant manager of Marching Ants Inc.

Marching Ants Inc.

Manufacturing Costs

For the Quarter Ended June 30

1 Materials used in production (including $56,200 of indirect materials)$607,500.00

2 Direct labor (including $84,400 maintenance salaries)562,500.00

3 Factory overhead:

4 Supervisor salaries517,500.00

5 Heat, light, and power140,650.00

6 Sales salaries348,750.00

7 Promotional expenses315,000.00

8 Insurance and property taxesplant151,900.00

9 Insurance and property taxescorporate offices219,400.00

10 Depreciationplant and equipment123,750.00

11 Depreciationcorporate offices90,000.00

12 Total$3,076,950.00

Evaluate and correct this report. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.

Evaluate and correct this report. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.

Marching Ants Inc.

Manufacturing Costs

1

2

3 Factory overhead:

4

5

6

7

8

9

10

Labels & Amount Descriptions

Labels

For the Month Ended June 30

For the Quarter Ended June 30

For the Year Ended June 30

Amount Descriptions

Cost of direct materials used in production

Depreciation-corporate offices

Depreciation-plant and equipment

Direct labor

Heat, light, and power

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 salaries

Supervisor salaries

Total manufacturing costs incurred