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 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 310 units at $700 per unit 150 units at $1,200 per unit 240 units at $750 per unit 110 units at $1,300 per unit 360 units as $750 per unit 180 units at $1,400 per unit 290 units 1,500 lbs. 170 units 340 units 30 units 32 units Grates Stainless steel Burner subassemblies Shelves Finished products: Backyard Chef Master Chef c. Desired inventories at July 31: Direct materials: Grates Stainless steel 340 units 1,800 lbs. Burner subassemblies Shelves i Finished products: Backyard Chef Master Chef d. Direct materials used in production: In manufacture of Backyard Chef: Grates Stainless steel 155 units 315 units 40 units 22 units 3 units per unit of product 24 lbs. per unit of product 2 units per unit of Burner subassemblies 290 units 1,500 lbs. 170 units 340 units 30 units 32 units In manufacture of Backyard Chef: Grates Stainless steel Burner subassemblies Shelves In manufacture of Master Chef: Grates Stainless steel Burner subassemblies Shelves e. Anticipated purchase price for direct materials: Grates Stainless steel Burner subassemblies Shelves f. Direct labor requirements: Backyard Chef: 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 $6 per lb. $110 per unit $10 per unit f. Direct labor requirements: Backyard Chef: Stamping Department Forming Department Assembly Department Master Chef: Stamping Department Forming Department Assembly Department Required: 1. Prepare a sales budget for July, 0.50 hr. at $17 per hr. 0.60 hr. at $15 per hr. 1.00 hr. at $14 per hr. 0.60 hr. at $17 per hr. 0.80 hr. at $15 per hr. 1.50 hrs. at $14 per hr Backyard Chef: Maine Product and Area Gourmet Grill Company Sales Budget For the Month Ending July 31 Unit Sales Volume Unit Selling Total Sales Price 1. Prepare a sales budget for July. Product and Area Backyard Chef: Maine Vermont New Hampshire Total Master Chef: Maine Vermont New Hampshire Total Total revenue from sales Gourmet Grill Company Sales Budget For the Month Ending July 31 Unit Sales Unit Selling Total Sales Volume Price eBook PrintItem 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 Accounting numeric field 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 Required units for production: Backyard Chef Grates (units) Stainless Steel (lbs.) Burner Sub- assemblies (units) Shelves (units) Total 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. Hours required for production: Backyard Chef Master Chef Total Hourly rate Total direct labor cost Gourmet Grill Company Direct Labor Cost Budget For the Month Ending July 31 Stamping Department Forming Department Assembly Department Total