The following is a manufacturing cost report 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). . . . . . . . . . 62,500

Factory overhead:

Supervisor salaries-plant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .517,500

Heat, light, and power-plant. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .140,650

Sales salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 348,750

Promotional expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 315,000

Insurance and property taxes-plant . . . . . . . . . . . . . . . . . . . . . . . . . 151,900

Insurance and property taxes-corporate offices . . . . . . . . . . . . . . .219,400

Depreciation-plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . .123,750

Depreciation-corporate offices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90,000

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,076,950