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 and equipment | 103,900 | |
| Depreciation—corporate offices | 75,500 | |
| Total | $2,582,400 | |
| Marching Ants Inc. | ||
| Manufacturing Costs | ||
| For the Quarter Ended June 30 | ||
| $ | ||
| Factory overhead: | ||
| $ | ||
| Total manufacturing costs incurred | $ | |
Homework Answers
| Marching Ants Inc. | ||
| Manufacturing Costs | ||
| For the Quarter Ended June 30 | ||
| Direct material (509900-47200) | $462700 | |
| Direct labor (472100-70800) | 401300 | |
| Factory overhead: | ||
| Indirect labor | $47200 | |
| Heat, light, and power | 118000 | |
| Insurance and property taxes—plant | 127500 | |
| Depreciation—plant and equipment | 103900 | |
| maintenance salaries | 70800 | |
| Total manufacturing overhead | 467400 | |
| Total manufacturing costs incurred | $1331400 | |
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Classifying Costs
The following report was prepared for evaluating the performance
of the plant manager of...
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...
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...
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...
#6 Instructions Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 5607,000.00 1 Materials...
#6
Instructions Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 5607,000.00 1 Materials used in production (including 553,400 of indirect materials) 2 Direct labor (including $84.200 maintenance salaries) 561,000.00 3 Factory overhead: Supervisor salaries-plant 519,000.00 Heat, light, and power plant 141,200.00 Sales salaries 347,000.00 Promotional expenses 313,000.00 Insurance and property taxes-plant 151,000.00 Insurance and property taxes-Corporate offices 218,800.00 125,000.00 Depreciation-plant and equipment 11 Depreciation--corporate offices 89.000.00 12 Total $3,072,000.00 F Classifying costs Instructions Amount Descriptions Manufacturing Costs...
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
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...
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...
manufacturer incurred the following costs last month (in thousands of dollars); the loon to view the...
manufacturer incurred the following costs last month (in thousands of dollars); the loon to view the costs) requirements action supervisors' salaries eciation on forklifts in factory ine lubricants wry janitors' wages mbly workers' wages erty tax on corporate marketing offices utilities of warranty repairs nine operators' health insurance eciation on administrative offices of designing new plant layout ngines - Data Table ment 2. Calculate total manufact ermine the formula, then calculate nd not in dollars) $ 300 b. $ 180...
Factory Overhead Cost Variance Report Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following...
Factory Overhead Cost Variance Report
Tiger Equipment Inc., a manufacturer of construction equipment,
prepared the following factory overhead cost budget for the Welding
Department for May of the current year. The company expected to
operate the department at 100% of normal capacity of 8,400
hours.
Variable costs:
Indirect factory wages
$30,240
Power and light
20,160
Indirect materials
16,800
Total variable cost
$67,200
Fixed costs:
Supervisory salaries
$20,000
Depreciation of plant and equipment
36,200
Insurance and property taxes
15,200
Total fixed...
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...
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...
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...
#6
Instructions Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 5607,000.00 1 Materials used in production (including 553,400 of indirect materials) 2 Direct labor (including $84.200 maintenance salaries) 561,000.00 3 Factory overhead: Supervisor salaries-plant 519,000.00 Heat, light, and power plant 141,200.00 Sales salaries 347,000.00 Promotional expenses 313,000.00 Insurance and property taxes-plant 151,000.00 Insurance and property taxes-Corporate offices 218,800.00 125,000.00 Depreciation-plant and equipment 11 Depreciation--corporate offices 89.000.00 12 Total $3,072,000.00 F Classifying costs Instructions Amount Descriptions Manufacturing Costs...
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
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...
manufacturer incurred the following costs last month (in thousands of dollars); the loon to view the costs) requirements action supervisors' salaries eciation on forklifts in factory ine lubricants wry janitors' wages mbly workers' wages erty tax on corporate marketing offices utilities of warranty repairs nine operators' health insurance eciation on administrative offices of designing new plant layout ngines - Data Table ment 2. Calculate total manufact ermine the formula, then calculate nd not in dollars) $ 300 b. $ 180...
Factory Overhead Cost Variance Report
Tiger Equipment Inc., a manufacturer of construction equipment,
prepared the following factory overhead cost budget for the Welding
Department for May of the current year. The company expected to
operate the department at 100% of normal capacity of 8,400
hours.
Variable costs:
Indirect factory wages
$30,240
Power and light
20,160
Indirect materials
16,800
Total variable cost
$67,200
Fixed costs:
Supervisory salaries
$20,000
Depreciation of plant and equipment
36,200
Insurance and property taxes
15,200
Total fixed...
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