Business, 27.08.2020 18:01 Travon7956

Sales, Production, Direct Materials Purchases, and Direct Labor Cost BudgetsThe budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for July 2016 is summarized as follows:a. Estimated sales for July by sales territory:Maine:Backyard Chef 310 units at $700 per unitMaster Chef 150 units at $1,200 per unitVermont:Backyard Chef 240 units at $750 per unitMaster Chef 110 units at $1,300 per unitNew Hampshire:Backyard Chef 360 units at $750 per unitMaster Chef 180 units at $1,400 per unitb. Estimated inventories at July 1:Direct materials:Grates 290 unitsStainless steel 1,500 lbs. Burner subassemblies 170 unitsShelves 340 unitsFinished products:Backyard Chef 30 unitsMaster Chef 32 unitsc. Desired inventories at July 31:Direct materials:Grates 340 unitsStainless steel 1,800 lbs. Burner subassemblies 155 unitsShelves 315 unitsFinished products:Backyard Chef 40 unitsMaster Chef 22 unitsd. Direct materials used in production:In manufacture of Backyard Chef:Grates 3 units per unit of productStainless steel 24 lbs. per unit of productBurner subassemblies 2 units per unit of productShelves 4 units per unit of productIn manufacture of Master Chef:Grates 6 units per unit of productStainless steel 42 lbs. per unit of productBurner subassemblies 4 units per unit of productShelves 5 units per unit of producte. Anticipated purchase price for direct materials:Grates $15 per unitStainless steel $6 per lb. Burner subassemblies 110 per unitShelves $10 per unitf. Direct labor requirements:Backyard Chef:Stamping Department 0.50 hr. at $17 per hr. Forming Department 0.60 hr. at $15 per hr. Assembly Department 1.0 hr. at $14 per hr. Master Chef:Stamping Department 0.60 hr. at $17 per hr. Forming Department 0.80 hr. at $15 per hr. Assembly Department 1.50 hrs. at $14 per hr. Required:2. Prepare a production budget for July.3. Prepare a direct materials purchases budget for July.4. Prepare a direct labor cost budget for July.

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