Sales, production, direct materials purchases, and direct labor cost budgets 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: Backyard Chef 360 units at $750 per unit Master Chef 180 units at $1,400 per unit b. Estimated inventories at July 1 : Direct materials: Grates 290 units Stainless steel 1,500lbs. Burner subassemblies 170 units Shelves 340 units Master Chef 32 units c. Desired inventories at July 31 : Direct materials: Grates 340 units Stainless steel 1,800 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: Grates 3 units per unit of product Stainless steel 24lbs. per unit of product Burner subassemblies 2 units per unit of product Shelves 4 units per unit of product In manufacture of Master Chef: Grates 6 units per unit of product Stainless steel 42lbs. per unit of product Burner subassemblies 4 units per unit of product Shelves 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: Stamping Department 0.50hr. at $17 per hr. Forming Department 0.60hr. at $15 per hr. Assembly Department 1.00hr. at $14 per hr. Master Chef: Stamping Department 0.60hr. at $17 per hr. Forming Department 0.80hr. at $15 per hr. Assembly Department 1.50hrs. at $14 per hr. 1. Prepare a sales budget for July. 2. Prepare a production budget for July. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 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 \begin{tabular}{|c|c|c|c|c|c|} \hline & \begin{tabular}{l} Grates \\ (units) \end{tabular} & \begin{tabular}{c} Stainless Steel \\ (Ibs.) \end{tabular} & \begin{tabular}{c} Burner Sub- \\ assemblies \\ (units) \end{tabular} & \begin{tabular}{l} Shelves \\ (units) \end{tabular} & Total \\ \hline \multicolumn{6}{|l|}{ Required units for production: } \\ \hline Backyard Chef & & & & & \\ \hline Master Chef & & & & & \\ \hline Desired inventory, July 31 & & & & & \\ \hline Total & & & & & \\ \hline Estimated inventory, July 1 & & & & & \\ \hline Total units to be purchased & & & & & \\ \hline Unit price & & $ & $ & & \\ \hline Total direct materials to be purchased & & $ & $ & & \\ \hline \end{tabular} 4. Prepare a direct labor cost budget for July. Gourmet Grill Company Direct Labor Cost Budget For the Month Ending July 31 Hours required for production: Backyard Chef Master Chef Total