e 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 $52,800 of indirect materials) $616,000.00 2 Direct labor (including $83,800 maintenance salaries) 565,500.00 3 Factory overhead: 4 Supervisor salaries 521,000.00 5 Heat, light, and power 140,800.00 6 Sales salaries 347,800.00 7 Promotional expenses 320,000.00 8 Insurance and property taxes—plant 151,500.00 9 Insurance and property taxes—corporate offices 218,600.00 10 Depreciation—plant and equipment 124,750.00 11 Depreciation—corporate offices 85,000.00 12 Total $3,090,950.00 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. Labels and Amount Descriptions Labels For the Month Ended June 30 For the Quarter Ended June 30 For the Year Ended June 30 Amount Descriptions Cost of direct materials used in production Depreciation-corporate offices Depreciation-plant and equipment Direct labor Heat, light, and power 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 salaries Supervisor salaries Total manufacturing costs incurred Manufacturing Costs 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. Marching Ants Inc. Manufacturing Costs 1 2 3 Factory overhead: 4 5 6 7 8 9 10

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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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 $52,800 of indirect materials)	$616,000.00
2	Direct labor (including $83,800 maintenance salaries)	565,500.00
3	Factory overhead:
4	Supervisor salaries	521,000.00
5	Heat, light, and power	140,800.00
6	Sales salaries	347,800.00
7	Promotional expenses	320,000.00
8	Insurance and property taxes—plant	151,500.00
9	Insurance and property taxes—corporate offices	218,600.00
10	Depreciation—plant and equipment	124,750.00
11	Depreciation—corporate offices	85,000.00
12	Total	$3,090,950.00

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.

Labels and Amount Descriptions

Labels
For the Month Ended June 30
For the Quarter Ended June 30
For the Year Ended June 30
Amount Descriptions
Cost of direct materials used in production
Depreciation-corporate offices
Depreciation-plant and equipment
Direct labor
Heat, light, and power
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 salaries
Supervisor salaries
Total manufacturing costs incurred

Manufacturing Costs

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.

Marching Ants Inc.

Manufacturing Costs

1
2
3	Factory overhead:
4
5
6
7
8
9
10

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