The following information is related to manufacturing office furniture at Outreach, Incorporated: a. Accept and arrange raw materials in inventory-1 day. b. Store raw materials in inventory-6 days. c. Issue raw materials to various points in the production process-1 day. d. Use raw materials to manufacture finished goods-2 days. e. Store finished goods-9 days. f. Load finished goods into shipping containers-1 day. Required: Compute the manufacturing efficiency ratio at Outreach. Manufacturing Efficiency Ratio Shipping: Non-value-added activity Shipping: Value-added activity % %

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.