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This question: 1 point(s) possible OA. $6,825 OB. $7,683 OC. $8,528 OD. $7,210 Submit test K Suppose Cook Pro manufactures cast iron skillets. One model
This question: 1 point(s) possible OA. $6,825 OB. $7,683 OC. $8,528 OD. $7,210 Submit test K Suppose Cook Pro manufactures cast iron skillets. One model is a 10-inch skillet that sells for $26. Cook Pro projects sales of 525 10-inch skillets per month. The production costs are $8 per skillet for direct materials, $2 per skillet for direct labor, and $3 per skillet for manufacturing overhead. Cook Pro has 65 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 $1,200 per month. Cook Pro is budgeted to produce 591 skillets in July. Compute the total amount budgeted for product costs for July.
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