calculate total current manufacturing costs given the following: direct materials cost: $62,000 direct labor cost: $78,000 manufacturing overhead applied: $46,000 actual manufacturing overhead: $51,000 beginning work in process inventory: $32,000 ending work in process inventory: $35,000

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21-10-2022
Business

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calculate total current manufacturing costs given the following: direct materials cost: $62,000 direct labor cost: $78,000 manufacturing overhead applied: $46,000 actual manufacturing overhead: $51,000 beginning work in process inventory: $32,000 ending work in process inventory: $35,000

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Qwclear Qwclear · Answer 1 · 2022-10-27T13:14:41+02:00

The total current manufacturing cost is equal to $186000.

Manufacturing of products and goods involve different types of expenses. These expenses are to be calculated and paid by the manufacturing company in order to maintain the smooth functioning of the manufacturing process. The expenses include labor cost, material cost and many more costs. The formula for calculating the total current manufacturing cost is expressed as

Total current manufacturing cost = Direct material cost + Direct labor cost + Manufacturing overhead applied.

According to the question Direct material cost = $62000, Direct labor cost = $78000 and Manufacturing overhead applied = $46000

Putting the values in expression we get

Total current manufacturing cost = $62000 + $78000 + $46000

Total current manufacturing cost = $186000

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