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Classifying Costs The following report was prepared for evaluating the performance of the plant manager of...

  1. 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
    $56,200 of indirect materials) $607,500
    Direct labor (including $84,400 maintenance salaries) 562,500
    Factory overhead:
    Supervisor salaries 517,500
    Heat, light, and power 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
    Marching Ants Inc.
    Manufacturing Costs
    For the Quarter Ended June 30
    $
    Factory overhead:
    $
    Total manufacturing costs incurred $

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Marching Ants Inc.
Manufacturing Costs
For the Quarter Ended June 30
Direct material used $   551,300.00
Direct labor $   478,100.00
Factory overhead:
Supervisor salaries $517,500.00
Heat, light, and power $140,650.00
Insurance and property taxes—plant $151,900.00
Depreciation—plant and equipment $123,750.00
Indirect material $   56,200.00
Indirect labor $ 84,400.00 $1,074,400.00
Total manufacturing costs incurred $2,103,800.00
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