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Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $7,200,000, direct labor cost is $5,400,000, variable overhead cost
Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $7,200,000, direct labor cost is $5,400,000, variable overhead cost is $3,000,000, and fixed overhead cost is $4,500,000.
Cost Component | Amount ($) |
Direct Materials | $7,200,000 |
Direct Labor | $5,400,000 |
Variable Overhead | $3,000,000 |
Fixed Overhead | $4,500,000 |
Also, prepare a schedule showing the cost of goods manufactured.
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