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 Materlals used In production (Including $56,200 of Indirect materlals)... $ 607,500 Direct labor (Including $84,400 malntenance salarles)........ 562,500 Factory overhead: Supervisor salarles..... Heat, light, and power.. 517,500 140,650 Sales salarles.... 348,750 Promotional expenses... Insurance and property taxes-plant... Insurance and property taxes-corporate offices.... Depreclation-plant and equipment... Depreclation-corporate offices.. Total, ... 315,000 151,900 219,400 123,750 90,000 $3,076,950

Manufacturing overhead is currently assigned to products based on their direct labor costs. For the most recent month, manufacturing overhead was $321,600. During that time, the company produced 14,600 units of the M-008 and 2,200 units of the M-123. The direct costs of production were as follows. Direct materials Direct labor M-008 M-123 $116,800 $ 88,000 116,800 44,000 Management determined that overhead costs are caused by three cost drivers. These drivers and their costs for last year were as follows. Cost Driver Number of machine-hours Number of production runs Number of inspections. Total overhead Total $204,800 160,800 Costs $156, 600 70,000 95,000 $321,600 Activity Level M-898 M-123 2,000 8,000 20 30 20 20 Total 10,000 40 50 Required: a. How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product? b. How much of the overhead will be assigned to each product if direct…

The following information was gathered for the Greensprings Corporation for the most recent year. Manufacturing overhead is allocated using machine hours, Actual machine hours Allocated manufacturing overhead. Estimated manufacturing overhead costs Actual manufacturing overhead costs By how much is manufacturing overhead over or underallocated? A. $82,000 overallocated B. $82,000 underallocated OC. $8,000 underallocated OD. $8,000 overallocated 139,000 $1,130,000 $1,056,000 $1,138,000

Bobby Pte Ltd charges manufacturing overhead to products by using a pre-determined overhead rate, computed on the basis of labour hours. The following data pertain to the current year:Budgeted manufacturing overhead $480,000Actual manufacturing overhead $440,000Budgeted labour hours 20,000Actual labour hours 16,000How much is overhead over-applied or under-applied, stating clearly whether it is over or under applied.

Q) If July's estimated machine-hours are 4,500, calculate the total estimated operating costs of the Machining Department using the cost function in (a)?

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 CostsFor the Quarter Ended June 30 Materials used in production (including     $56,200 of indirect materials) $607,500 Direct labor (including $84,400 maintenance salaries) 562,500 Factory overhead:     Supervisor salaries 517,500   Heat, light, and power 140,650   Sales salaries 348,750   Promotional expenses 315,000   Insurance and property taxes—plant 151,900   Insurance and property taxes—corporate offices 219,400   Depreciation—plant and equipment 123,750   Depreciation—corporate offices 90,000 Total $3,076,950   Marching Ants Inc.Manufacturing CostsFor the Quarter Ended June 30     $- Select -     - Select - Factory overhead:       $- Select -     - Select -     - Select -     - Select -     - Select -     - Select - - Select - Total…

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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…