Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 1 Materials

Question

Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 1 Materials used in production (including $56,200 of indirect materials) 2 Direct labor (including $84,400 maintenance salaries) 3 Factory overhead: 4 Supervisor salaries-plant 5 Heat, light, and power-plant 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 $607500.00 562,500.00 517,500.00 140,650.00 348,750.00 315,000.00 151,900.00 219,400.00 123,750.00 90,000.00 $3,076,950.00

Explanation / Answer

Manufacturing costs = Direct materials + direct labor + factory overhead Manufacturing costs Cost of direct materials used in production            551,300 Direct labor            478,100 Factory overhead Maintenance salaries 84,400 Indirect materials 56,200 Supervisor salaries 517,500 Heat,light and power 140,650 insurance and property taxes -plant 151,900 Depreciation-plant & Equipment 123,750        1,074,400 total        2,103,800

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