Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
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
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 March is summarized as follows: a. Estimated sales for March by sales territory: StainlesssteelBurnersubassembliesShelvesFinishedproducts:BackyardChefMasterChef?1,500lb.210units400units40units26units? d. Direct materials used in production: In manufacture of Backyard Chef: GratesStainlesssteelBurnersubassembliesShelvesInmanufactureofMasterChef:GratesStainlesssteelBurnersubassembliesShelves?3unitsperunitofproduct24lb.perunitofproduct2unitsperunitofproduct4unitsperunitofproduct6unitsperunitofproduct42lb.perunitofproduct4unitsperunitofproduct5unitsperunitofproduct? e. Anticipated purchase price for direct materials: GratesStainlesssteelBurnersubassembliesShelves?$16perunit$8perlb.$120perunit$12perunit? f. Direct labor requirements: Backyard Chef: Stamping Department 0.50hr. at $18 per hr. 1. Prepare a sales budget for March. 2. Prepare a production budget for March. 3. Prepare a direct materials purchases budget for March. Gourmet Grill Company Direct Materials Purchases Budget For the Month Ending March 31 4. Prepare a direct labor cost budget for March. Gourmet Grill Company Direct Labor Cost Budget For the Month Ending March 31 \begin{tabular}{l} \hline Hours required for production: \\ Backyard Chef \\ Master Chef \\ Total hours required \\ Hourly rate \\ Total direct labor cost \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started