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Suppose StoreRus sells 2,000 hardcover books per day at an average price of $40. Assume that StoreRus's cost for the books is 65% of the
Suppose StoreRus sells 2,000 hardcover books per day at an average price of $40. Assume that StoreRus's cost for the books is 65% of the selling price it charges retail customers. StoreRus has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $2,000 per day. Determine StoreRus's budgeted purchases for the next (seven-day) week. OA. $520,000 OB. $208,000 OC. $800,000 OD. $364,000 Suppose StoreRus sells 1,700 hardcover books per day at an average price of $55. Assume that StoreRus's cost for the books is 70% of the selling price it charges retail customers. StoreRUs has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $5,100 per day Compute Store Rus's budgeted sales for the next (seven-day) week. OA. $1.309,000 OB. $654,500 OC. $690.200 OD. $458,150 Suppose Kitchen Helpers manufactures cast iron skillets. One model is a 10-inch skillet that sells for $28. Kitchen Helpers projects sales of 600 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. Kitchen Helpers has 40 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. How many 10-inch skillets should Kitchen Helpers produce in July? O A. 600 skillets OB. 710 skillets OC. 750 skillets OD 790 skillets Suppose Cook Pro manufactures cast iron skillets. One model is a 10-inch skillet that sells for $28. Cook Pro projects sales of 625 10-inch skillets per month. The production costs are $6 per skillet for direct materials, $4 per skillet for direct labor, and $3 per skillet for manufacturing overhead. Cook Pro has 30 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 $1.200 per month. Cook Pro has budgeted cost of goods sold of 88.125 for July Compute the budgeted gross profit for July OA. $8,535 OB. 59,375 OC. $15,507 OD. $14,067
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