Product cost classifications Forham Inc. manufactures stainless steel knives. Following are factory costs incurred during the year: Material costs Stainless steel Equipment oil and grease Plastic for handles Wood blocks for knife storage $640,000 4,800 4,480 19,840 Labor costs Equipment operators $400,000 Equipment, mechanics 65.600 217,600 Factory supervisors a. What is the direct material cost for the year? s b. What is the direct labor cost for the year? s c. What is the total indirect material cost for the year? s d. What is the total indirect labor cost for the year? $