Asked by Becca Moore on May 30, 2024
Verified
From the following, calculate the cost of raw materials used and total manufacturing costs:
Raw Materials
Basic materials that are used in the production process to manufacture goods and products.
Manufacturing Costs
The total expenses involved in making a product, including materials, labor, and overhead costs.
- Determine the expenditure on raw materials and aggregate manufacturing expenses from the specified data.
Verified Answer
SA
SARAH ANSONJun 04, 2024
Final Answer :
Raw Materials used: $13,000 (8,000 + 8,000 - 3,000)Total manufacturing costs: $35,000 (13,000 + 12,000 + 10,000)
Learning Objectives
- Determine the expenditure on raw materials and aggregate manufacturing expenses from the specified data.