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The following is a manufacturing cost report of Marching Ants Inc.
| Marching Ants Inc. |
| Manufacturing Costs |
| For the Quarter Ended June 30 |
| 1 | Materials used in production (including $55,800 of indirect materials) | $617,000.00 |
| 2 | Direct labor (including $84,400 maintenance salaries) | 564,000.00 |
| 3 | Factory overhead: | |
| 4 | Supervisor salaries-plant | 519,500.00 |
| 5 | Heat, light, and power-plant | 141,400.00 |
| 6 | Sales salaries | 346,500.00 |
| 7 | Promotional expenses | 313,000.00 |
| 8 | Insurance and property taxesplant | 152,400.00 |
| 9 | Insurance and property taxescorporate offices | 218,000.00 |
| 10 | Depreciationplant and equipment | 123,500.00 |
| 11 | Depreciationcorporate offices | 88,000.00 |
| 12 | Total | $3,083,300.00 |
Amount Descriptions
Cost of direct materials used in production
Depreciation-corporate offices
Depreciation-plant and equipment
Direct labor
Heat, light, and power-plant
Indirect materials
Insurance and property taxes-corporate offices
Insurance and property taxes-plant
Maintenance salaries
Materials used in production (including indirect materials)
Promotional expenses
Sales salariesSupervisor salaries-plant
Total manufacturing costs
Evaluate and correct this report. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
| Marching Ants Inc. |
| Manufacturing Costs |
| For the Quarter Ended June 30 |
| 1 | | | |
| 2 | | | |
| 3 | Factory overhead: | | |
| 4 | | | |
| 5 | | | |
| 6 | | | |
| 7 | | | |
| 8 | | | |
| 9 | | | |
| 10 | Total factory overhead | | |
| 11 | | | |
Answer & Explanation
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