Question

During 2020, Ogleby purchased $980,000 of raw materials, incurred direct labor costs of $175,000, and incurred manufacturing overhead totaling $224,000. How much is total manufacturing costs incurred during 2020 for Ogleby?

Answer 1

$1,379,000

Step-by-step explanation:

The total manufacturing costs incurred by Ogleby during the year 2020 will be as follows:

Cost of Raw materials $980,000

Direct labour costs $175,000

Manufacturing overheads $224,000

Total manufacturing costs $1,379,000