Reference no: EM132967018

Question - Suppose Chef Plus manufactures cast iron skillets. One model is a? 10-inch skillet that sells for $22. Chef Plus projects sales of 525 ?10-inch skillets per month. The production costs are $10 per skillet for direct? materials, $3 per skillet for direct? labor, and $6 per skillet for manufacturing overhead. Chef Plus has 40 ?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 $1,700 per month. Chef Plus is budgeted to produce 669 skillets in July. Compute the total amount budgeted for product costs for July.