Question: Question list Question 1 Question 2 Question 3 Suppose Chef City manufactures cast iron skillets. One model is a 1 0 - inch skillet that

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Question 3
Suppose Chef City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $22. Chef City projects sales of 55010-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 6010-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.
A. $13,072
B. $11,932
C. $10,472
D. $10,450
 Question list Question 1 Question 2 Question 3 Suppose Chef City

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