**Please use numbers listed** Please answer 2-4, thank you in advance!! :)
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 310 units at $700 per unit Master Chef 150 units at $1,200 per unit Vermont: Backyard Chef 240 units at $750 per unit Master Chef 110 units at $1,300 per unit New Hampshire: 360 units at $750 Backyard Chef per unit Master Chef 180 units at $1,400 per unit b. Estimated inventories at July 1: Direct materials: Grates 290 units 1,500 lbs. Stainless steel Burner subassemblies 170 units Shelves 340 units Finished products: Backyard Chef Master Chef 30 units 32 units c. Desired inventories at July 31: Direct materials: Grates 340 units Stainless steel 1,800 Ibs. Burner subassemblies 155 units 315 units Shelves Finished products: Backyard Chef 40 units 22 units Master Chef d. Direct materials used in production: In manufacture of Backyard Chef: Grates 3 units per unit of 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: Grates 6 units per unit of product Stainless steel 42 lbs. per unit of product 4 units per unit of Burner subassemblies product Shelves 5 units per unit of product e. Anticipated purchase price for direct materials: Grates $15 per unit Stainless steel $6 per lb. $110 per unit Burner subassemblies Shelves $10 per unit f. Direct labor requirements: Backyard Chef: Stamping Department 0.50 hr. at $17 per hr. Forming Department 0.60 hr. at $15 per hr. 1.00 hr. at $14 Assembly Department per hr. Master Chef: 0.60 hr. at $17 Stamping Department per hr. Forming Department 0.80 hr. at $15 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 Volume Unit Selling Price Total Sales Backyard Chef: Maine Vermont 310 $ 2400 360 910 700 750 750 $ 217,000 180,000 270,000 New Hampshire Total $ 667,000 Master Chef: Maine $ Vermont 150 110 180 1,200 1,300 1,400 New Hampshire $ 180,000 143,000 252,000 $575,000 $ 1,242,000 Total 440 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 Chef Master Chef Expected units to be sold Desired inventory, July 31 40 40 22 22 Total units available Estimated inventory, July 1 Total units to be produced 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 Burner Sub- Grates (units) Stainless Steel (lbs.) Shelves (units) assemblies (units) Total 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 Forming Department Department Assembly Department Total Hours required for production: Backyard Chef Master Chef Total Hourly rate Total direct labor cost A
