Suppose Iron City manutactures cast iron akilets. One model is a 10-inch skilet that sela for...
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Suppose Iron City manutactures cast iron akilets. One model is a 10-inch skilet that sela for $20. Iron City projecta sales of 500 10-inch skilets per month. The production costs are $0 per skilet tor drect materials, S1 per skilet for direct labor, and S2 per skilet for manufacturing overhead. Iron Cilty has 50 10-nch skilets in inventory at the beginning of day but wanta to have an ending inventory equal to 20% of the next month's sales. Seling and administrative expenses for this product line are $1,500 per month, iron City is budgeted to produce 550 skilets in July with a $12 production cost per skilet Compute the budgeted cost of goods sold for July. O A. $6,000 OB. $6.500 C. $6,600 OD. $7.200 Suppose Malcentral selis 1,000 hardoover books per day at an average price of $30. Assume that Maloentrafs cont for the books is 75% of the seling price it charges retail customers. Maloentral has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $1,000 per day Compute Maloentral's budgeted sales for the next (seven-day) week. OA. $157,500 OB. $217,000 OC. $435,000 OD. $210,000 Suppose Iron City manutactures cast iron akilets. One model is a 10-inch skilet that sela for $20. Iron City projecta sales of 500 10-inch skilets per month. The production costs are $0 per skilet tor drect materials, S1 per skilet for direct labor, and S2 per skilet for manufacturing overhead. Iron Cilty has 50 10-nch skilets in inventory at the beginning of day but wanta to have an ending inventory equal to 20% of the next month's sales. Seling and administrative expenses for this product line are $1,500 per month, iron City is budgeted to produce 550 skilets in July with a $12 production cost per skilet Compute the budgeted cost of goods sold for July. O A. $6,000 OB. $6.500 C. $6,600 OD. $7.200 Suppose Malcentral selis 1,000 hardoover books per day at an average price of $30. Assume that Maloentrafs cont for the books is 75% of the seling price it charges retail customers. Maloentral has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $1,000 per day Compute Maloentral's budgeted sales for the next (seven-day) week. OA. $157,500 OB. $217,000 OC. $435,000 OD. $210,000
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Related Book For
Materials and process in manufacturing
ISBN: 978-0471656531
9th edition
Authors: E. Paul DeGarmo, J T. Black, Ronald A. Kohser
Posted Date:
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