Alcatraz Corp has the following information: 1-Jan 31-Dec Raw materials 20,000 30,000 Work in process 15,000...

Alcatraz Corp has the following information:	1-Jan	31-Dec
Raw materials	20,000	30,000
Work in process	15,000	18,000
Finished goods	30,000	20,000

Additional information
Raw material purchases	100,000
Direct labor	25,000
Manufacturing overhead	80,000
Indirect materials	0

Compute the current manufacturing costs.

		$245,000
		$255,000
		$68,000
		$65,000

Solutions

Expert Solution

According to the information provided , the current manufacturing cost will be:

Manufacturing Cost = Direct Materials + Direct Labor + Manufacturing Overhead

Begining Raw Material Inventoy	20,000
Add: Raw material purchase	100,000
Direct materials available for use	120,000
Ending raw material inventory	(30,000)
Direct Material used in production	90,000
Add: Direct Labor	25,000
Prime Cost	115,000
Add: Manufacturing Overhead	80,000
CURRENT MANUFACTURING COST	$195,000

[NOTE: The Current Manufacturing Cost will be $195,000 according to the information and figures provided , but is not matching any of the options provided . Kindly check the figures and options once again. The solution process will be like this only. There can be an error in the figures provided,You can ask me anything in the comment section for more clarification. Hope the answer will solve your problem. Kindly rate . Thank You:) ]

ekkarill92 answered 1 year ago

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