The following report was prepared for evaluating the performance of the plant ma
ID: 2556976 • 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, 2016
1
Materials used in production (including $53,400 of indirect materials)
$607,000.00
2
Direct labor (including $84,200 maintenance salaries)
561,000.00
3
Factory overhead:
4
Supervisor salaries
519,000.00
5
Heat, light, and power
141,200.00
6
Sales salaries
347,000.00
7
Promotional expenses
313,000.00
8
Insurance and property taxes—plant
151,000.00
9
Insurance and property taxes—corporate offices
218,800.00
10
Depreciation—plant and equipment
125,000.00
11
Depreciation—corporate offices
89,000.00
12
Total
$3,072,000.00
Evaluate and correct this report. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Amount Descriptions
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, 2016
1
2
3
Factory overhead:
4
5
6
7
8
9
10
Marching Ants Inc.
Manufacturing Costs
For the Quarter Ended June 30, 2016
Explanation / Answer
Amount Descriptions
Amount
Depreciation-corporate offices
89,000
Depreciation-plant and equipment
125,000
Direct labor ($561,000- $84,200)
476,800
Direct materials used in production ($607,000-53,400)
553,600
Heat, light, and power
141,200
Indirect materials
53,400
Insurance and property taxes-corporate offices
218,800
Insurance and property taxes-plant
151,000
Maintenance salaries
84,200
Materials used in production (including indirect materials)
607,000
Promotional expenses
313,000
Sales salaries
347,000
Supervisor salaries
519,000
Total manufacturing costs
$ 30,72,000
Marching Ants Inc.
Manufacturing Costs
For the Quarter Ended June 30, 2016
1
Direct materials used in production
553,600
2
Direct labor
476,800
1,030,400
3
Factory overhead:
4
Indirect Materials
53,400
5
Indirect Labor
603,200
6
Depreciation-Plant & Equipment
125,000
7
Electricity
141,200
8
Insurance & Property Tax -Plant
151,000
9
Total Factory Overhead
1,073,800
10
Total Manufacturing Cost
2,104,200
Amount Descriptions
Amount
Depreciation-corporate offices
89,000
Depreciation-plant and equipment
125,000
Direct labor ($561,000- $84,200)
476,800
Direct materials used in production ($607,000-53,400)
553,600
Heat, light, and power
141,200
Indirect materials
53,400
Insurance and property taxes-corporate offices
218,800
Insurance and property taxes-plant
151,000
Maintenance salaries
84,200
Materials used in production (including indirect materials)
607,000
Promotional expenses
313,000
Sales salaries
347,000
Supervisor salaries
519,000
Total manufacturing costs
$ 30,72,000
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