U U Obj. 2,1 $ 607,500 562,500 ++++++ EX 1-8 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 $56,200 of indirect materials). Direct labor (including $84.400 maintenance salaries) Factory overhead: Supervisor salaries-plant...... Heat, light, and power-plant... Sales salaries Promotional expenses.. Insurance and property taxes--plant...... Insurance and property taxes--corporate offices. Depreciation--plant and equipment. Depreciation-corporate offices Total +++ 517,500 140,650 348,750 315,000 151,900 219,400 123,750 90,000 $3,076,950 a. List the errors in the preceding report. b. Prepare a corrected report