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Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $31,680,000, direct labor cost is $18,974,400, variable overhead cost

Calculate the total manufacturing cost incurred during the month if a company's direct materials cost is $31,680,000, direct labor cost is $18,974,400, variable overhead cost is $40,475,000, and fixed overhead cost is $66,000,000.

Cost Component

Amount ($)

Direct Materials

$31,680,000

Direct Labor

$18,974,400

Variable Overhead

$40,475,000

Fixed Overhead

$66,000,000

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

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