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

  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 taxesplant 151,900
    Insurance and property taxescorporate offices 219,400
    Depreciationplant and equipment 123,750
    Depreciationcorporate 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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