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Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $24,000,000, direct labor cost is $18,000,000, variable overhead cost

Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $24,000,000, direct labor cost is $18,000,000, variable overhead cost is $9,250,000, and fixed overhead cost is $15,000,000.

Cost Component

Amount ($)

Direct Materials

$24,000,000

Direct Labor

$18,000,000

Variable Overhead

$9,250,000

Fixed Overhead

$15,000,000

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

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