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Calendar X 1' Course Home X 1) Do Homework - Week 7B - Ci X e contribution margin ratio torn X + C' D mylabpearsoncom Managerial Accounting Online Spring 2023 Jordan Hue 03/20/23 3:27 PM Homework: Week 73 - Ch. 5 Question 6, QCM5-6 (similar to) "w s': 303% 1 f 33 mints 0 Points: 0 of 1 _ _ Suppose Steel City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $26. Steel City projects sales of 525 10-inch skillets per month. The production costs are $6 per skillet Questlon IISt K for direct materials, $4 per skillet for direct labor. and $1 per skillet for manufacturing overhead. Steel City has 30 10-inch Skillets in inventory at the beginning of July but wants to have an ending inventory equal to 30% of the next month's sales. Selling and administrative expenses for this product line are $1,800 per month. Steel City is budgeted to produce 653 Skillets in July with a $11 production cost per skillet. 0 Question 6 Compute the budgeted cost of goods sold for July. 0 Question 7 . $7,183 0 Question 8 . $7513 . $7,130 . $5,775 0 Question 9 0 Question 10 0 Question 11 0 Question 12 0 Question 13 0 Question 14 Help me solve this Etext pages Calculator Calendar X 1' Course Home X 1) Do Homework - Week 7B - Ci X e contribution margin ratio torn X + C' D mylabpearsoncom Managerial Accounting Online Spring 2023 Jordan Hue 03/20/23 3:27 PM Homework: Week 73 - Ch. 5 Question 7, QCM5-7 (similar to "w s': 303% 1 f 33 mints 0 Points: 0 of 1 _ _ Suppose Chef Plus manufactures cast iron Skillets. One model is a 10-inch skillet that sells for $22. Chef Plus projects sales of 575 10-inch skillets per month. The production costs are $7 per skillet Questlon IISt K for direct materials, $4 per skillet for direct labor. and $1 per skillet for manufacturing overhead. Chef Plus has 35 10-inch Skillets in inventory at the beginning of July but wants to have an ending inventory equal to 30% of the next month's sales. Selling and administrative expenses for this product line are $1,400 per month. Chef Plus has budgeted cost of goods sold of $6,900 for July. Compute the budgeted gross prot for July. O Question 6 0 Question 7 A ivi A. $9,556 . $5,750 0 Question8 . $8,786 . $4,980 0 Question 9 0 Question 10 0 Question 11 0 Question 12 0 Question 13 0 Question 14 Help me solve this Etext pages Calculator