30 Materials used in production (including $66,700 of indirect materials) $720,000 Direct labor (including $100,000 maintenance salaries) 666,700 Factory overhead: Supervisor salaries 613,400 Heat, light, and power 166,700 Sales salaries 413,400 Promotional expenses 373,400 Insurance and property taxes-plant 180,000 Insurance and property taxes-corporate offices 260,000 Depreciation-plant and equipment 146,700 Depreciation-corporate offices 106,700 Total $3,647,000 Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Cost of direct materials used in production Direct labor Factory overhead: Maintenance salaries Indirect materials Supervisor salaries Heat, light, and power Insurance and property taxes-plant Depreciation-plant and equipment Total manufacturing costs incurred
30 Materials used in production (including $66,700 of indirect materials) $720,000 Direct labor (including $100,000 maintenance salaries) 666,700 Factory overhead: Supervisor salaries 613,400 Heat, light, and power 166,700 Sales salaries 413,400 Promotional expenses 373,400 Insurance and property taxes-plant 180,000 Insurance and property taxes-corporate offices 260,000 Depreciation-plant and equipment 146,700 Depreciation-corporate offices 106,700 Total $3,647,000 Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Cost of direct materials used in production Direct labor Factory overhead: Maintenance salaries Indirect materials Supervisor salaries Heat, light, and power Insurance and property taxes-plant Depreciation-plant and equipment Total manufacturing costs incurred
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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