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Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $80,000, direct labor cost is $60,000, variable overhead cost

Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $80,000, direct labor cost is $60,000, variable overhead cost is $40,000, and fixed overhead cost is $50,000.

Cost Component

Amount ($)

Direct Materials

$80,000

Direct Labor

$60,000

Variable Overhead

$40,000

Fixed Overhead

$50,000

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

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