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What percentage of total costs is non-value-added

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Problem - A one-month summary of manufacturing costs for Grouper Company follows.

Direct materials $33,000

Direct labour 16,500

Material handling costs 2,100

Product inspection and rework 2,600

Materials purchasing and inspection 500

Routine maintenance and equipment servicing 1,300

Repair of equipment 400

Required -

1. Classify each cost as value-added or non-value-added.

i. Direct materials

ii. Direct labour

iii. Material handling costs

iv. Product inspection and rework

v. Materials purchasing and inspection

vi. Routine maintenance and equipment servicing

vii. Repair of equipment

2. Sum the non-value-added costs.

3. What percentage of total costs is non-value-added?

Reference no: EM132727261

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