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---- Just need some quick help finding the answers I will rate! Many thanks and God bless!!! Suppose Kitchen Helpers manufactures cast iron skillets. One
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Just need some quick help finding the answers
I will rate!
Many thanks and God bless!!!
Suppose Kitchen Helpers manufactures cast iron skillets. One model is a 10-inch skillet that sells for $28. Kitchen Helpers projects sales of 575 10-inch skillets per month. The production costs are $11 per skillet for direct materials, $2 per skillet for direct labor, and $6 per skillet for manufacturing overhead. Kitchen Helpers has 60 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 $1,300 per month. Kitchen Helpers has budgeted cost of goods sold of $10,925 for July. Compute the budgeted gross profit for July. O A. $3,495 O B. $8,339 OC. $5,175 OD. $10,019 Suppose Merrimack sells 1,700 hardcover books per day at an average price of $50. Assume that Merrimack's cost for the books is 60% of the selling price it charges retail customers. Merrimack has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $1,700 per day. Compute Merrimack's budgeted sales for the next (seven-day) week. O A. $357,000 O B. $1,105,000 O C. $595,000 D. $606,900Step by Step Solution
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