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Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $1,500,000, direct labor cost is $1,200,000, variable overhead cost

Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $1,500,000, direct labor cost is $1,200,000, variable overhead cost is $700,000, and fixed overhead cost is $1,000,000.

Cost Component

Amount ($)

Direct Materials

$1,500,000

Direct Labor

$1,200,000

Variable Overhead

$700,000

Fixed Overhead

$1,000,000

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

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