Classifying Costs The following report was prepared for evaluating the performan

Question

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 $30,600 of indirect materials) $330,300 Direct labor (including $45,900 maintenance salaries) 305,800 Factory overhead: Supervisor salaries 281,300 Heat, light, and power 76,500 Sales salaries 189,600 Promotional expenses 171,200 Insurance and property taxes—plant 82,600 Insurance and property taxes—corporate offices 119,300 Depreciation—plant and equipment 67,300 Depreciation—corporate offices 48,900 Total $1,672,800

Explanation / Answer

Particulars Amt in $ Material 299700 Direct Labour 259900 Factory Overhead Maintenance salaries 45900 Indirect materials 30600 Supervisor salaries 281300 Heat, light, and power 76500 Insurance and property taxes-plant 82600 Depreciation-plant and equipment 67300 Total cost of Manfacturing 1143800

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.