Business, 21.02.2020 16:39 natalyarenassalgado
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 2014 is summarized as follows:a. Estimated sales for March by sales territory:Maine: Backyard Chef 350 units at $800 per unit Master Chef 200 units at $1,400 per unitVermont: Backyard Chef 400 units at $825 per unit Master Chef 240 units at $1,500 per unitNew Hampshire: Backyard Chef 320 units at $850 per unit Master Chef 200 units at $1,600 per unitb. Estimated inventories at March 1:Direct materials: Grates 320 units Stainless steel 1,700 lbs. Burner subassemblies 190 units Shelves 350 unitsFinished products: Backyard Chef 30 units Master Chef 36 unitsc. Desired inventories at March 31:Direct materials: Grates 300 units Stainless steel 1,500 lbs. Burner subassemblies 210 units Shelves 400 unitsFinished products: Backyard Chef 40 units Master Chef 26 unitsd. Direct materials used in production:In manufacture of Backyard Chef: Grates 3 units per unit of product Stainless steel 24 lbs. per unit of product Burner subassemblies 2 units per unit of product Shelves 4 units per unit of productIn manufacture of Master Chef: Grates 6 units per unit of product Stainless steel 42 lbs. per unit of product Burner subassemblies 4 units per unit of product Shelves 5 units per unit of producte. Anticipated purchase price for direct materials:Grates $16 per unitStainless steel $8 per lb. Burner subassemblies 120 per unitShelves $12 per unitf. Direct labor requirements:Backyard Chef: Stamping Department 0.50 hr. at $18 per hr. Forming Department 0.60 hr. at $16 per hr. Assembly Department 1.0 hr. at $15 per hr. Master Chef: Stamping Department 0.60 hr. at $18 per hr. Forming Department 0.80 hr. at $16 per hr. Assembly Department 1.50 hrs. at $15 per hr. Required:1. Prepare a sales budget for May.2. Prepare a production budget for March. 3. Prepare a direct materials purchases budget for March. 4. Prepare a direct labor cost budget for March.
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The budget director of Gourmet Grill Company requests estimates of sales, production and other opera...
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