Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following is a manufacturing cost report of ma

The following is a manufacturing cost report of Marching Ants Inc.Marching Ants Inc.Manufacturing CostsFor the...

80.2K

Verified Solution

Question

Accounting

The following is a manufacturing cost report of Marching Ants Inc.Marching Ants Inc.Manufacturing CostsFor the Quarter Ended June 30Materials used in production (including$50,700 of indirect materials)$548,000Direct labor (including $76,100 maintenance salaries)507,400Factory overhead:Supervisor salaries-plant466,800Heat, light, and power-plant126,900Sales salaries314,600Promotional expenses284,100Insurance and property taxes-plant137,000Insurance and property taxes-corporate offices197,900Depreciation-plant and equipment111,600Depreciation-corporate offices81,200Total$2,775,500
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Starbucks Company’s payroll register contained the followinginformation:Sales salaries expense……………………….$300,000Federal income taxespayable………………    60,000Social...Starbucks Company’s payroll register...

Accounting
Q

mpletion Status ON 4 per is m Seconds

Biology
Q

The following data represent the number of oranges in hundreds which were sold by various...

Statistics
Q

#7 Write an algebraic equation to represent the given information. Let x be the first...

Calculus
Q

Problem26 Let ABC be a triangle with X and Y midpoints of the sides as...

Algebra
Q

1. Complete General Journal 2.Enter the month-end totals from the Cash Receipts journal. 3.Enter...

Accounting
Q

A project's cash flows have a beta of 1.40, a standard deviation of $1,000, and...

Accounting
Q

Required information [The following information applies to the questions displayed below.] Preble Company...

Accounting
Q

Raw materials $ 618,000 Work in processBlending Department $ 65,000 Finished...

Accounting
Q

Crockett Electronics has a quick ratio of 2.00x $28,125 in cash,15,625 in accounts receivable, some...

Finance
Q

Below is list of companies and their stock prices, and the amount of their outstanding...

Finance
Q

The following option prices were observed for calls and puts on a stock on July...

Finance