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Suppose Cook Plus manufactures cast iron skillets. One model is a 10-inch skillet that sells for $34. Cook Plus projects sales of 650 10-inch skillets
Suppose Cook Plus manufactures cast iron skillets. One model is a 10-inch skillet that sells for $34. Cook Plus projects sales of 650 10-inch skillets per month. The production costs are $11 per skillet for direct materials, $4 per skillet for direct labor, and $5 per skillet for manufacturing overhead Cook Plus has 45 10-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 $1,400 per month Cook Plus is budgeted to produce 768 skillets in July with a $20 production cost per skillet Compute the budgeted cost of goods sold for July. OA. $16,260 B. $12,870 OC. $15,360 OD. $13,000
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