Question list Question 1 K Suppose Chef City manufactures cast iron skillets. One model is a...
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Question list Question 1 K Suppose Chef City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $22. Chef City projects sales of 550 10-inch skillets per month. The production costs are $10 per skillet for direct materials, $4 per skillet for direct labor, and $5 per skillet for manufacturing overhead. Chef City has 60 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 25% of the next month's sales. Selling and administrative expenses for this product line are $1,700 per month. Chef City is budgeted to produce 628 skillets in July with a $19 production cost per skillet. Compute the budgeted cost of goods sold for July. O Question 2 OA. $13,072 O Question 3 OB. $11,932 O C. $10,472 OD. $10,450 W Question list Question 1 K Suppose Chef City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $22. Chef City projects sales of 550 10-inch skillets per month. The production costs are $10 per skillet for direct materials, $4 per skillet for direct labor, and $5 per skillet for manufacturing overhead. Chef City has 60 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 25% of the next month's sales. Selling and administrative expenses for this product line are $1,700 per month. Chef City is budgeted to produce 628 skillets in July with a $19 production cost per skillet. Compute the budgeted cost of goods sold for July. O Question 2 OA. $13,072 O Question 3 OB. $11,932 O C. $10,472 OD. $10,450 W
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