Request assistance on the following problems:
The budget director of Gourmuet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production forJuly is summarized as follows: a. Estimated sales for July by sales territory: Maine: 310 units at $?00 Backyard Chef per unit 150 units at Master Chei= _ $1,200 per unit Vermont: 240 units at $350 Backyard Chef _ per unit 110 units at $1,300 per unit Master Chef New Hampshire: 360 units at $350 Backyard Chef _ per unit 150 units at $1,400 per unit Master Chef 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: Grates Stainless steel Burner suhassem blies Shelves In manufacture of Master Chef: Grates Stainless steel Elurner suhassem plies Shelves 3 units per unit of product 211 lbs. per unit of product 2 units per unit of product 11 units per unit of product I5 units per unit of product 42 lbs. per unit of product 1I units per unit of product 5 units per unit of 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.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: to 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 Chef3. 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 Total (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 purchased4. 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 $ Total direct labor costExpected units to be sold Desired inventory, July 31 Total units available Estimated inventory, July 1 Total units to be produced
