Suppose iron handles manufactures cast iron skillets. one model is a 10-inch skillet that sells for $ 30. iron handles projects sales of 625 10-inch skillets per month. the production costs are $ 8 per skillet for direct materials, $ 2 per skillet for direct labor, and $ 5 per skillet for manufacturing overhead. iron handles has 45 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 400 per month. iron handles is budgeted to produce 768 skillets in july. compute the total amount budgeted for product costs for july.

The total amount budgeted for product costs for July is $10,875.

Explanation:

Consider the following formula to calculate the total amount budgeted.

Budgeted gross profit = Budgeted sales-budgeted cost of goods sold

= 725*$30 - $10,875 = $10,875.

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

i really hope this answer you out! it makes my day people like you and giving back to the community that has me through school! if you could do me a favor, if this you and this is the very best answer and you understand that all of my answers are legit and top notch. mark as brainliest! and have a awesome day!

it is d i just took the test