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Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $200,000, direct labor cost is $150,000, variable overhead cost

Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $200,000, direct labor cost is $150,000, variable overhead cost is $80,000, and fixed overhead cost is $120,000.

Cost Component

Amount ($)

Direct Materials

$200,000

Direct Labor

$150,000

Variable Overhead

$80,000

Fixed Overhead

$120,000

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

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