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Business, 21.05.2020 05:02 Tooey2331

Suppose Chef City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $ 32. Chef City projects sales of 650 10-inch skillets per month. The production costs are $ 10 per skillet for direct materials, $ 3 per skillet for direct labor, and $ 4 per skillet for manufacturing overhead. Chef City 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 comma 600 per month. Chef City is budgeted to produce 805 skillets in July. Compute the total amount budgeted for product costs for July.

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Suppose Chef City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $ 3...
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