Question: Product Direct Material Direct Labor Alpha 20% 10% Beta 50% 50% Gamma 30% 40% Total for the machining department 100% 100% Alpha 40% 30% Beta

Product

Direct Material

Direct Labor

Alpha

20%

10%

Beta

50%

50%

Gamma

30%

40%

Total for the machining department

100%

100%

Alpha

40%

30%

Beta

40%

50%

Gamma

20%

20%

Total added by finishing department

100%

100%

NOTE-----PLEASE COMPLETE ALPHA, BETA AND GAMMA CALCULATIONS WITH AN EXPLANATION (WORK FOR THE CALCULATIONS)

 Product Direct Material Direct Labor Alpha 20% 10% Beta 50% 50%

Zeta Manufacturing Company has two departments, machining and finishing. For a given period, the following costs were incurred by the company as a whole: direct material, $400,000; direct labor, $150,000; and indirect production, $80,000. The grand total was $630,000. The machining department incumed 30% of the direct-material costs, but only 10% of the direct-labor costs. Indirect production costs amounted to $48,000 in the machining department and $32,000 in finishing. Three products were produced using the following proportions of direct material and direct labor in the two departments. (Click the icon to view the data for the three products.) As is cornmonplace, indirect production costs incurred by each department were allocated to products irl proportion to the direct-labor costs of products within the departments. Read the requirements. Direct mat Direct labe Indirect pnis Total Requirement 2. Compute the total costs of each product that would be shown as finished-goods inventory if all the products were transferred to finished stock on completion. (There were no beginning inventories.) Begin by completing the table below to determine the total cost of producing the Alpha product

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