Classifying Costs The following is a manufacturing cost report of Marching Ants Inc. Evaluate and correct...

Classifying Costs

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
	$69,800 of indirect materials)	$753,500
Direct labor (including $104,700 maintenance salaries)		697,700
Factory overhead:
	Supervisor salaries—plant	641,900
	Heat, light, and power—plant	174,400
	Sales salaries	432,600
	Promotional expenses	390,700
	Insurance and property taxes—plant	188,400
	Insurance and property taxes—corporate offices	272,100
	Depreciation—plant and equipment	153,500
	Depreciation—corporate offices	111,600
Total		$3,816,400

Marching Ants Inc.
Manufacturing Costs
For the Quarter Ended June 30
		$

Factory overhead:
	$





Total factory overhead
Total manufacturing costs		$

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Expert Solution

Marching Ants Inc.
Manufacturing Costs
For the Quarter Ended June 30
Direct material used in production ($753,500-69,800)		$683,700
Direct labor cost (697,700-104700)		593,000
Factory overhead:
Indirect materials	$69,800
Maintenance salary	104700
Supervisor salaries—plant	641900
Heat, light, and power—plant	174400
Insurance and property taxes—plant	188400
Depreciation—plant and equipment	153500
Total factory overhead		1,332,700
Total manufacturing costs		$2,609,400

ekkarill92 answered 2 years ago

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