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:
The budget director of Gourmet 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 1,500 lbs. 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 Stainless steel 1,800 lbs. Burner subassemblies 155 units Check My Work 170 units 340 units Burner subassemblies Shelves 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. 155 units Burner subassemblies Shelves 315 units Finished products: 40 units Backyard Chef Master Chef 22 units d. Direct materials used in production: In manufacture of Backyard Chef: Grates Stainless steel 3 units per unit of product 24 lbs. per unit of product 2 units per unit of product 4 units per unit of product Burner subassemblies Shelves In manufacture of Master Chef: Grates 6 units per unit of product 42 lbs. per unit of product Stainless steel Stainless steel 42 TDS, per unit or 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: 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 Product and Area Unit Sales Volume Unit Selling Price Total Sales Backyard Chef: Maine Vermont New Hampshire Total Master Chef: Maine Vermont New Hampshire Total 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 Chel 3. Prepare a direct materials purchases budget for July. For those boxes in which you must enter subtracted or negative numbers use a minus sion. Gourmet Grill Company Direct Materials Purchases Budget For the Month Ending July 31 Grates (units) Total Stainless Steel (lbs.) Burner Sub assemblies (units) Shelves (units) Required units for production: Backyard Chef 3. Prepare a direct material purchases budget for July. For those boxes in which you must enter subtracted or negative numbers use a minus slon. Gourmet Grill Kompany Direct Materials Purchases Budget for the Month Ending Quly 31 Grates (units) Stainless Steel (lbs.) Burner Sub assemblies (units) Shelves Cunits) 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 Prenare a direct labor cost budget for July. 4. Prepare a direct labor cost budget for July Gourmet Grill Company Direct Labor Cost Budget For the Month Ending July 31 Stamping Department Forming Department Assembly Department Total Hours required for production Backyard Chef Master Chet Total Hourly rate Total direct labor cost The budget director of Gourmet 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 1,500 lbs. 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 Stainless steel 1,800 lbs. Burner subassemblies 155 units Check My Work 170 units 340 units Burner subassemblies Shelves 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. 155 units Burner subassemblies Shelves 315 units Finished products: 40 units Backyard Chef Master Chef 22 units d. Direct materials used in production: In manufacture of Backyard Chef: Grates Stainless steel 3 units per unit of product 24 lbs. per unit of product 2 units per unit of product 4 units per unit of product Burner subassemblies Shelves In manufacture of Master Chef: Grates 6 units per unit of product 42 lbs. per unit of product Stainless steel Stainless steel 42 TDS, per unit or 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: 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 Product and Area Unit Sales Volume Unit Selling Price Total Sales Backyard Chef: Maine Vermont New Hampshire Total Master Chef: Maine Vermont New Hampshire Total 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 Chel 3. Prepare a direct materials purchases budget for July. For those boxes in which you must enter subtracted or negative numbers use a minus sion. Gourmet Grill Company Direct Materials Purchases Budget For the Month Ending July 31 Grates (units) Total Stainless Steel (lbs.) Burner Sub assemblies (units) Shelves (units) Required units for production: Backyard Chef 3. Prepare a direct material purchases budget for July. For those boxes in which you must enter subtracted or negative numbers use a minus slon. Gourmet Grill Kompany Direct Materials Purchases Budget for the Month Ending Quly 31 Grates (units) Stainless Steel (lbs.) Burner Sub assemblies (units) Shelves Cunits) 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 Prenare a direct labor cost budget for July. 4. Prepare a direct labor cost budget for July Gourmet Grill Company Direct Labor Cost Budget For the Month Ending July 31 Stamping Department Forming Department Assembly Department Total Hours required for production Backyard Chef Master Chet Total Hourly rate Total direct labor cost
