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------- Just need some quick help on this please I will rate! Many thanks and God bless!!! Suppose Steel Handles manufactures cast iron skillets. One
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Just need some quick help on this please
I will rate!
Many thanks and God bless!!!
Suppose Steel Handles manufactures cast iron skillets. One model is a 10-inch skillet that sells for $35. Steel Handles projects sales of 700 10-inch skillets per month. The production costs are $8 per skillet for direct materials, $2 per skillet for direct labor, and $1 per skillet for manufacturing overhead. Steel Handles has 40 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 Handles is budgeted to produce 870 skillets in July. Compute the total amount budgeted for product costs for July. O A. $9,570 OB. $7,700 O C. $10,010 OD. $9,500 Suppose Steel Handles manufactures cast iron skillets. One model is a 10-inch skillet that sells for $24. Steel Handles projects sales of 700 10-inch skillets per month. The production costs are $6 per skillet for direct materials, $4 per skillet for direct labor, and $1 per skillet for manufacturing overhead. Steel Handles has 35 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 35% of the next month's sales. Selling and administrative expenses for this product line are $1,700 per month. Steel Handles is budgeted to produce 910 skillets in July with a $11 production cost per skillet Compute the budgeted cost of goods sold for July. O A. $10,395 O B. $7,700 O C. $9,800 OD. $10,010Step by Step Solution
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