The following report was prepared for evaluating the performance of the plant ma

Question

The following report was prepared for evaluating the performance of the plant manager of Marching Ants Inc.

Classifying costs Instructions Labels and Amount Descriptions Manufacturing Costs Instructions Marching Ants Inc Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $56,200 of indirect materials) 2Direct labor (including $84,400 maintenance salaries) 3 Factory overhead 4 Supervisor salaries 5 Heat,light, and power 6 Sales salaries 7 Promotional expenses 8 Insurance and property taxes-plant 9 Insurance and property taxes-corporate offices 10 Depreciation-plant and equipment 11 Depreciation-corporate offices 12 Total 607,500.00 562,500.00 517,500.00 140,650.00 348,750.00 315,000.00 151,900.00 219,400.00 123,750.00 90,000.00 3,076,950.00

Explanation / Answer

Total Manufacturing cost: Material cost 551300 Direct labor cost 478100 Add: Manufacturing OH Supervisor's salaries 517500 Heat, light and power 140650 Maintenance Salaries 84400 Indirect Material 56200 Depreciation-Plant and equipment 123750 Insurance and Property taxes 151900 Total Manufacturing cost: 2,103,800

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