Homework Answers
Marching Ants Inc.
Manufacturing Costs
For the Quarter Ended June 30
DIRECT COST
1. Material used in Production $553600 (i.e. Excluding Indirect material as it Can not be part of prime cost)
2.Direct Labour $476800 (i.e. Excluding Maintenance Salaries as it can not be part of prime cost)
Prime Cost $1030400
INDIRECT COST
3. Indirect material $53400
4. Indirect wages $950200 (Maintenance Salaries, Supervisor salaries- Plant, Sales Salaries)
5. Heat, Light, Power-Plant $141200
6.Promotional Expenses $313000
7. Depreciation- Plant And Equipment $125000
8. Depreciation- Corporate Offices $89000
9. Insurance and property Taxes- Plant $151000
10. Insurance and property Taxes-Corporate Offices $218800
Total Of Indirect cost $2041600
Factory Overhead $3072000
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Instructions Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 5607,000.00 1 Materials...
Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 1 Materials used in production...
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-plant 521,500.00 5 Heat, light, and power-plant 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...
ructions Labels and Amount Descriptions Manufacturing Costs tions lowing report was prepared for evaluating the performance...
ructions Labels and Amount Descriptions Manufacturing Costs tions lowing 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 $602,000.00 2 Materials used in production (including $55,600 of indirect materials) Direct labor (including $84,000 maintenance salaries) Factory overhead: 569,000.00 Supervisor salaries 515,000.00 140,200.00 347,300.00 Heat, light, and power Sales salaries Promotional expenses Insurance and property taxes-plant 312,000.00 151,400.00 Insurance and property taxes-corporate offices 218,600.00...
Classifying Costs The following report was prepared for evaluating the performance of the plant manager of...
Classifying Costs The following report was prepared for evaluating the performance of the plant manager of Marching Ants Inc. Evaluate and correct this report. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $47,200 of indirect materials) $509,900 Direct labor (including $70,800 maintenance salaries) 472,100 Factory overhead: Supervisor salaries 434,300 Heat, light, and power 118,000 Sales salaries 292,700 Promotional expenses 264,400 Insurance and property taxes—plant 127,500 Insurance and property taxes—corporate offices 184,100 Depreciation—plant...
Wh-signLWA LESSIVIILUDSRL - Hanprolase eBook Calculator Classifying Costs The following report was prepared for ev...
Wh-signLWA LESSIVIILUDSRL - Hanprolase eBook Calculator Classifying Costs The following report was prepared for evaluating the performance of the plant manager of Marching Ants Inc. Evaluate and correct this report. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $42,600 of indirect materials) $459,500 Direct labor (including $63,800 maintenance salaries) 425,500 Factory overhead: Supervisor salaries 391,500 Heat, light, and power 106,400 Sales salaries 263,800 Promotional expenses 238,300 Insurance and property taxes-plant Insurance and...
m a leanprogress=false The following report was prepared for evaluating the performance of the plant manager...
m a leanprogress=false 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 $53,400 of indirect materials) 2 Direct labor (including $84,200 maintenance salaries) 3 Factory overhead: $607,000.00 561,000.00 Supervisor salaries Heat, light, and power 519,000.00 Sales salaries Promotional expenses 141,200.00 347,000.00 313,000.00 151,000.00 Insurance and property taxes-plant Insurance and property taxes-Corporate offices 218,800.00 Depreciation-plant and...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Resins for body wash products b. Scents and fragrances used in making soaps and detergents c. Plant manager salary for the Iowa City, lowa, plant d. Depreciation on the Auburn, Maine, manufacturing plant e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant f. Maintenance supplies g....
I nformation technology support staff salane Insurance costs A Maintenance costs of right of way, bridges,...
I nformation technology support staff salane Insurance costs A Maintenance costs of right of way, bridges, and buildings 4Safety training costs A Salaries of dispatching and communications personnel A Wages of switch and classification yard personnel Wages of train enninee Walker Mam Determine June 30. EX 15-8 Classifying costs EX 15-12 The following is a manufacturing cost report of Marching Ants Inc. Two item ve S165,000 Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 ment dat Materials...
Chapter 15 Introduction to Managerial Accounting EX 15-9 Classifying costs The following is a manufacturing cost...
Chapter 15 Introduction to Managerial Accounting EX 15-9 Classifying costs The following is a manufacturing cost report of Marching Ants Inc. Evaluate and correct this re Obj, 2,4 report. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $ 607,500 562,500 Factory overhead: 517,500 140,650 348,750 315,000 151,900 219,400 123,750 90,000 Insurance and property taxes-corporate offices.. Depreciation-corporate offices . .. Total . . . EXERCISE 15-9 1. 2. Manufacturing Costs
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ructions Labels and Amount Descriptions Manufacturing Costs tions lowing 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 $602,000.00 2 Materials used in production (including $55,600 of indirect materials) Direct labor (including $84,000 maintenance salaries) Factory overhead: 569,000.00 Supervisor salaries 515,000.00 140,200.00 347,300.00 Heat, light, and power Sales salaries Promotional expenses Insurance and property taxes-plant 312,000.00 151,400.00 Insurance and property taxes-corporate offices 218,600.00...
Wh-signLWA LESSIVIILUDSRL - Hanprolase eBook Calculator Classifying Costs The following report was prepared for evaluating the performance of the plant manager of Marching Ants Inc. Evaluate and correct this report. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $42,600 of indirect materials) $459,500 Direct labor (including $63,800 maintenance salaries) 425,500 Factory overhead: Supervisor salaries 391,500 Heat, light, and power 106,400 Sales salaries 263,800 Promotional expenses 238,300 Insurance and property taxes-plant Insurance and...
m a leanprogress=false 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 $53,400 of indirect materials) 2 Direct labor (including $84,200 maintenance salaries) 3 Factory overhead: $607,000.00 561,000.00 Supervisor salaries Heat, light, and power 519,000.00 Sales salaries Promotional expenses 141,200.00 347,000.00 313,000.00 151,000.00 Insurance and property taxes-plant Insurance and property taxes-Corporate offices 218,800.00 Depreciation-plant and...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Resins for body wash products b. Scents and fragrances used in making soaps and detergents c. Plant manager salary for the Iowa City, lowa, plant d. Depreciation on the Auburn, Maine, manufacturing plant e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant f. Maintenance supplies g....
I nformation technology support staff salane Insurance costs A Maintenance costs of right of way, bridges, and buildings 4Safety training costs A Salaries of dispatching and communications personnel A Wages of switch and classification yard personnel Wages of train enninee Walker Mam Determine June 30. EX 15-8 Classifying costs EX 15-12 The following is a manufacturing cost report of Marching Ants Inc. Two item ve S165,000 Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 ment dat Materials...
Chapter 15 Introduction to Managerial Accounting EX 15-9 Classifying costs The following is a manufacturing cost report of Marching Ants Inc. Evaluate and correct this re Obj, 2,4 report. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $ 607,500 562,500 Factory overhead: 517,500 140,650 348,750 315,000 151,900 219,400 123,750 90,000 Insurance and property taxes-corporate offices.. Depreciation-corporate offices . .. Total . . . EXERCISE 15-9 1. 2. Manufacturing Costs
Wilson Manufacturing reports the following costs and expenses in June 2015. Indirect materials $ 900 Direct labor $11,000 Depreciation on manufacturing Property taxes on factory building 2,100 equipment 11,000 Office equipment Indirect labor 3,000 repairs 300 Property taxes on office Office supplies 650 building 870 Factory utilities 1,490 CEO salary 12,000 Repairs on manufacturing Direct materials 13,200 equipment 2,180 Instructions Determine the total amount of (a) manufacturing overhead costs, (b) other product costs and (c) period costs.
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