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

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Accounting

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
$71,500 of indirect materials)
$772,600
Direct labor (including $107,300 maintenance salaries)
715,400
Factory overhead:
Supervisor salaries-plant
658,200
Heat, light, and power-plant
178,900
Sales salaries
Promotional expenses
443,500
400,600
Insurance and property taxes-plant
193,200
Insurance and property taxes-corporate offices
279,000
Depreciation-plant and equipment
157,400
Depreciation-corporate offices
Total
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-plant
Heat, light, and power-plant
Insurance and property taxes-plant
Depreciation-plant and equipment
Total factory overhead
Total manufacturing costs
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