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: 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 lbs. Burner subassemblies 155 units Shelves 315 units Finished products: Backyard Chef 40 units Master Chef 22 units d. Direct materials used in production: In manufacture of Backyard Chef: 3 units per unit of Grates product 24 lbs. per unit of Stainless steel product Burner subassemblies 2 units per unit of 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: 0.50hr. at $17 Stamping Department per hr. 0.60hr. at $15 Forming Department per hr. 1.00hr. at $14 Assembly Department per hr. Master Chef: 0.60hr. at $17 Stamping Department per hr. 0.80hr. 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 \begin{tabular}{ll} & Product and Area \\ \hline Backyard Chef: \\ Maine \\ Vermont \\ New Hampshire \\ Total & Unit Sales Solling \\ Master Chef: \\ Maine \\ Vermont \\ New Hampshire \\ Total revenue from sales \end{tabular} 2. Prepare a production budget for July. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Prepare a direct materials purchases budget for July. For those boxes in which you must enter subtracted or negative numbers use a minus ign. Prepare a direct labor cost budget for July. Gourmet Grill Company Direct Labor Cost Budget For the Month Ending July 31 \begin{tabular}{l} Hours required for production: \\ Backyard Chef \\ Master Chef \\ Total \\ Hourly rate \\ Total direct labor cost \\ \hline \end{tabular}