Product cost classifications Forham Inc. manufactures stainless steel knives. Following are factory costs incurred during the year:

Material costs
Stainless steel	$1,280,000
Equipment oil and grease	9,600
Plastic for handles	8,960
Wood blocks for knife storage	39,680

Labor costs
Equipment operators	$800,000
Equipment mechanics	131,200
Factory supervisors	435,200

a. What is the direct material cost for the year? $Answer b. What is the direct labor cost for the year? $Answer c. What is the total indirect material cost for the year? $Answer d. What is the total indirect labor cost for the year? $Answer