The following report was prepared for evaluating the performance of the plant manager 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 $69,300 of indirect materials) $748,300 Direct labor (including $103,900 maintenance salaries) 692,900 Factory overhead: Supervisor salaries 637,500 Heat, light, and power 173,200 Sales salaries 429,600 Promotional expenses 388,000 Insurance and property taxes-plant 187,100 Insurance and property taxes-corporate offices 270,200 Depreciation-plant and equipment 152,400 Depreciation-corporate offices 110,900 Total $3,790,100

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Classifying Costs
The following report was prepared for evaluating the performance of the plant manager 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
$69,300 of indirect materials)
$748,300
Direct labor (including $103,900 maintenance salaries)
692,900
Factory overhead:
Supervisor salaries
637,500
Heat, light, and power
173,200
Sales salaries
429,600
Promotional expenses
388,000
Insurance and property taxes-plant
187,100
Insurance and property taxes-corporate offices
270,200
Depreciation-plant and equipment
152,400
Depreciation-corporate offices
110,900
Total
$3,790,100
Marching Ants Inc.
Manufacturing Costs
For the Quarter Ended June 30
Factory overhead:
Total manufacturing costs incurred
Transcribed Image Text:Classifying Costs The following report was prepared for evaluating the performance of the plant manager 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 $69,300 of indirect materials) $748,300 Direct labor (including $103,900 maintenance salaries) 692,900 Factory overhead: Supervisor salaries 637,500 Heat, light, and power 173,200 Sales salaries 429,600 Promotional expenses 388,000 Insurance and property taxes-plant 187,100 Insurance and property taxes-corporate offices 270,200 Depreciation-plant and equipment 152,400 Depreciation-corporate offices 110,900 Total $3,790,100 Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Factory overhead: Total manufacturing costs incurred
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