Homework Answers
| Marching Ants Inc. | ||
| Manufactured Costs | ||
| For the Quarter Ended June 30 | ||
| Cost of direct materials used [Total materials used - Indirect materials = $459,500 - $42,600] | $416,900 | |
| Direct labor [Total labor costs - Indirect labor cost = $425,500 - $63,800] | $361,700 | |
| Factory Overhead: | ||
| Indirect materials | $42,600 | |
| Maintenance salaries | $63,800 | |
| Supervisor salaries | $391,500 | |
| Heat, light, and power | $106,400 | |
| Insurance and property taxes—plant | $114,900 | |
| Depreciation—plant and equipment | $93,600 | $719,200 |
| Total manufacturing costs incurred [416,900 + $361,700 + $719,200] | $1,497,800 | |
.
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