The following report was prepared for evaluating the performance of the plant ma
ID: 2555556 • Letter: T
Question
The following report was prepared for evaluating the performance of the plant manager of Marching Ants Inc.
Marching Ants Inc.
Manufacturing Costs
For the Quarter Ended June 30
1
Materials used in production (including $55,600 of indirect materials)
$617,000.00
2
Direct labor (including $83,800 maintenance salaries)
567,500.00
3
Factory overhead:
4
Supervisor salaries
521,500.00
5
Heat, light, and power
140,800.00
6
Sales salaries
348,000.00
7
Promotional expenses
315,000.00
8
Insurance and property taxes—plant
151,800.00
9
Insurance and property taxes—corporate offices
219,200.00
10
Depreciation—plant and equipment
123,000.00
11
Depreciation—corporate offices
85,000.00
12
Total
$3,088,800.00
Evaluate and correct this report. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.
Evaluate and correct this report. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.
Score: 0/93
Marching Ants Inc.
Manufacturing Costs
1
2
3
Factory overhead:
4
5
6
7
8
9
10
Marching Ants Inc.
Manufacturing Costs
For the Quarter Ended June 30
Explanation / Answer
MARCHING ANTS INC. Manufacturing Costs For the Quarter Ended June 30 Cost of direct materials used in production 561400 =617000-55600 Direct labor 483700 =567500-83800 Factory overhead: Maintenance salaries 83800 Indirect materials 55600 Supervisor salaries 521500 Heat, light, and power 140800 Insurance and property taxes—plant 151800 Depreciation—plant and equipment 123000 1076500 Total 2121600