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7:051 v2.cengagenow.com 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 sales 2. 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 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 31 Grates Stainless Steel Burner Sub- Shelves assemblies Total (units) (Ibs.) (units) (units) Required units for production: Backyard Chef Master Chef Desired inventory, July 31 2 . . .7:051 all C Chapter 22 Product and Area Volume Price Total Sales Backyard Chef: Maine Vermont New Hampshire Total Master Chef: Maine Vermont New Hampshire Total Total revenue from sales 2. 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 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 31 Grates Stainless Steel Burner Sub- assemblies Shelves Tota (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 purchased 4. Prepare a direct labor cost budget for July. Gourmet Grill Company Direct Labor Cost Budget For the Month Ending July 31 Stamping Department Forming Department Assembly Department Hours required for production: Backyard Chef Master Chef Total Hourly rate Total direct labor cost + 2 . . .7:041 G) v2.cengagenow.com Chapter 22 Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The 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 is summarized as follows: a. Estimated sales for July by sales territory: Maine: Backyard Chef Master Chef 0 Vermont: Backyard Chef Master Chef New Hampshire: Backyard Chef Master Chef b. Estimated inventories at July 1: Direct materials: Grates Stainless steel Burner subassemblies Shelves Finished products: Backyard Chef Master Chef c. Desired inventOries at July 31: Direct materials: Grates Stainless steel Burner subassemblies Shelves Finished products: Backyard Chef Master Chef (1. Direct materials used in production: In manufacture of Backyard Chef: Grates Stainless steel Burner subassemblies Shelves 1n manufacture of Master Chef: Grates Stainless steel Burner subassemblies Shelves 6 310 units at $7DD per unit 150 units at $1,200 per unit 240 units at $750 per unit 110 units at $1,300 per unit 360 units at $750 per unit 150 units at $1,400 per unit 190 units 1,509 lbs. 170 units 340 units 30 units 32 units 340 units 1,300 lbs. 155 units 315 units 40 units 22 units 3 units per unit of product 24 lbs. per unlt 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 nmduct 7:041 v2.cengagenow.com Chapter 22 a. Direct materials used in production: In manufacture of Backyard Chef: 3 units per unit of Grates product Stainless steel 24 lbs. per unit of product 2 units per unit of Burner subassemblies product 4 units per unit of Shelves product In manufacture of Master Chef: 6 units per unit of Grates product 42 lbs. per unit of Stainless steel product 4 units per unit of Burner subassemblies product 5 units per unit of Shelves product 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: 1. Prepare a sales budget for July. Gourmet Grill Company Sales Budget For the Month Ending July 31 Product and Area Unit Sales Unit Selling Total Sales Volume Price Backyard Chef: Maine Vermont New Hampshire Total Master Chef: Maine Vermont New Hampshire Total 2