Suppose Cook Pro manufactures cast iron skillets. One model is a 10-inch skillet that sells for $34. Cook Pro projects sales of 650 10-inch skillets per month. The production costs are $12 per skillet for direct materials, $2 per skillet for direct labor, and $5 per skillet for manufacturing overhead. Cook Pro has 70 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 How many 10-inch skillets should Cook Pro produce in July? A. 915 skillets B. 650 skillets C. 845 skillets D. 775 skillets o Suppose Iron City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $20. Iron City projects sales of 500 10-inch skillets per month. The production costs are $9 per skillet for direct materials, $1 per skillet for direct labor, and $2 per skillet for manufacturing overhead. Iron City has 50 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 20% of the next month's sales. Selling and administrative expenses for this product line are $1,500 per month. Iron City is budgeted to produce 550 skillets in July with a $12 production cost per skillet. Compute the budgeted cost of goods sold for July. A. $6,000 O B. $6,500 C. $6,600 D. $7.200 Suppose Iron Handles manufactures cast iron skillets. One model is a 10-inch skillet that sells for $26. Iron Handles projects sales of 650 10-inch skillets per month. The production costs are $10 per skillet for direct materials, $5 per skillet for direct labor, and $3 per skillet for manufacturing overhead. Iron Handles 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 $1,800 per month. Iron Handles is budgeted to produce 785 skillets in July. Compute the total amount budgeted for product costs for July A. $13,575 OB. $14,130 OC. $11,700 D. $15,210 Suppose LovetoRead sells 1,100 hardcover books per day at an average price of $70. Assume that LovetoRead's cost for the books is 85% of the selling price it charges retail customers. Loveto Read has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $3,300 per day. Compute LovetoRead's budgeted sales for the next (seven-day) week. A. $539,000 B. $1,193,500 OC. $562,100 D. $458,150