Reference no: EM132966075

Question - Suppose Cook Plus manufactures cast iron skillets. One model is a? 10-inch skillet that sells for $36. Cook Plus projects sales of 700 ?10-inch skillets per month. The production costs are $10 per skillet for direct? materials, $2 per skillet for direct? labor, and $4 per skillet for manufacturing overhead. Cook Plus has 35 ?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 $1,400 per month. Cook Plus is budgeted to produce 910 skillets in July with a $16 production cost per skillet. Compute the budgeted cost of goods sold for July?