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Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $1,000,000, direct labor cost is $900,000, variable overhead cost

Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $1,000,000, direct labor cost is $900,000, variable overhead cost is $500,000, and fixed overhead cost is $800,000.

Cost Component

Amount ($)

Direct Materials

$1,000,000

Direct Labor

$900,000

Variable Overhead

$500,000

Fixed Overhead

$800,000

Also, prepare a schedule showing the cost of goods manufactured.

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