Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi. If I could please get help. a. Estimated sales for July by sales territory: Maine: 310 units at $700 Backyard Chef per unit 150

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Hi. If I could please get help.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
a. Estimated sales for July by sales territory: Maine: 310 units at $700 Backyard Chef per unit 150 units at Master Chef $1,200 per unit Vermont: 240 units at $750 Backyard Chef per unit 110 units at Master Chef $1,300 per unit New Hampshire: 360 units at $750 Backyard Chef per unit 180 units at Master Chef $1,400 per unit b. Estimated inventories at July 1: Direct materials: Grates 290 units 1,500 Stainless steel Ibs.b. Estimated inventories at July 1: Direct materials: Grates 290 units 1,500 Stainless steel Ibs. Burner subassemblies 170 units Shelves 340 units Finished products: Backyard Chef 30 units Master Chef 32 units c. Desired inventories at July 31: Direct materials: Grates 340 units 1,800 Stainless steel Ibs Burner subassemblies 155 units Shelves 315 units Finished products: Backyard Chef 40 units Master Chef 22 unitsd. Direct materials used in production: In manufacture of Backyard Chef: Gram Stainless steel Burner subassemblies Shelves In manufacture of Master I:Ihef: ) Gram Stainless steel Burner subassemblies Shelves e. Anticipated purchase price for direct materials: Greta Stainless steel 3 units per unit of product 24 lbs. per unit of product 2 units per unit of product 4 units per unit of product 6 units per unit of product 42 lbs. per unit of product 4 units per unit of product 5 units per unit of product $15 per unit t6 ner Ih. e. Anticipated purchase price for direct materials: Grates $15 per unit Stainless steel $6 per lb. Burner subassemblies $110 per unit Shelves $10 per unit f. Direct labor requirements: Backyard Chef: 0.50 hr. at $17 Stamping Department per hr. 0.60 hr. at $15 Forming Department per hr. 1.00 hr. at $14 Assembly Department per hr. Master Chef: 0.60 hr. at $17 Stamping Department per hr. 0.80 hr. at $15 Forming Department per hr. 1.50 hrs. at $14 Assembly Department per hr. Required:Required: 1. Prepare a sales budget for July. Gourmet Grill Company Sales Budget For the Month Ending July 31 Unit Sales Unit Selling Product and Area Total Sales Volume Price Backyard Chef: Maine Vermont New Hampshire Total Master Chef: Maine Vermont New Hampshire Total Total revenue from sales2. Prepare a production budget for July. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Gourmet Grill Company Production Budget For the Month Ending July 31 Units Backyard Master Chef Chef Expected units to be sold v Desired inventory, July 31 v Total units available v Estimated inventory, July 1 v Total units to be produced v 3. Prepare a direct materials purchases budget for July. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Gourmet Grill Company Direct Materials Purchases Budget For the Month Ending July 313. Prepare a direct materials purchases budget for July. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Gourmet Grill Company Direct Materials Purchases Budget For the Month Ending July 31 Burner Sub- Grates Stainless Steel Shelves assemblies (units) (Ibs.) (units) (units) Required units for production: Backyard Chef Master Chef Desired inventory, July 31 Total Estimated inventory, July 1 Total units to be purchased Unit price Total direct materials to be purchasedUnit price Total direct materials to be purchased 4. Prepare a direct labor cost budget for July. Gourmet Grill Company Direct Labor Cost Budget For the Month Ending July 31 Stamping Forming Assembly Total Department Department Department Hours required for production: Backyard Chef Master Chef Total Hourly rate +A Total direct labor cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting and Analysis Using Financial Accounting Information

Authors: Charles H. Gibson

13th edition

1285401603, 1133188796, 9781285401607, 978-1133188797

Students also viewed these Accounting questions

Question

2. Give ample praise for good answers.

Answered: 1 week ago