The following report was prepared for evaluating the performance of the plant ma
ID: 2546212 • Letter: T
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 1Materials 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 2 Total $607500.00 562,500.00 517500.00 140,650.00 348,750.00 315,000.00 151,900.00 219,400.00 123,750.00 90,000.00 $3,076,950.00Explanation / Answer
Answer
Note-1
(other expenses not included like selling,general and administrative expense.)
Note-2
Depreciation-corporate office and Insurance & property taxes-plant add in Administration ovehead
Hence, Both expense part of manufacturing costs.
Particulars Amount Amount Materials used in production (607,500-56,200) 551300 Direct Labor (562,500-84,400) 478100 Factory overhead: Indirect materials 56200 Supervisor salaries 517500 Heat,light & power 140650 Maintenance Salaries 84400 Insurance & property taxes-plant 151900 Depreciation-plant & Equipment 123750 Depreciation-corporate office 90000 1164400 Total manufacturing costs 2193800