< Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet...
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< 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: 13 310 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 at $750 per unit 180 units at $1,400 per unit 290 units 1,500 lbs. 170 units 340 units Check My Work 3 more Check My Work uses remaining. Q Search All work saved. W Previous Save and Exit Submit Assignment for Grading 5:47 10/24/2 Master Chef b. Estimated inventories at July 1: Direct materials: Grates Stainless steel Burner subassemblies Shelves Finished products: Backyard Chef Master Chef c. Desired inventories at July 31: Direct materials: Grates 180 units at $1,400 per unit 290 units 1,500 lbs. 170 units 340 units 30 units 32 units Stainless steel 340 units 1,800 lbs. Burner subassemblies 155 units Shelves 315 units Finished products: Backyard Chef Master Chef 40 units 22 units Check My Work 3 more Check My Work uses remaining. Q Search All work saved. H W X P Previous Save and Exit Submit Assignment for Grading 5:47 10/24/20 < Shelves Finished products: Backyard Chef Master Chef d. Direct materials used in production: In manufacture of Backyard Chef: Grates Stainless steel Burner subassemblies Shelves 315 units 40 units 22 units 3 units per unit of product 24 lbs. per unit of product 2 units per unit of product 4 units per unit of product In manufacture of Master Chef: Grates Stainless steel Burner subassemblies 6 units per unit of product 42 lbs. per unit of product 4 units per unit of product unite nor unit of Check My Work 3 more Check My Work uses remaining. Search All work saved. W X P Previous Save and Exit Submit Assignment for Grading 10/2 Shelves 4 units per unit of product In manufacture of Master Chef: Grates Stainless steel Burner subassemblies Shelves 6 units per unit of product 42 lbs. per unit of product 4 units per unit of product 5 units per unit of product e. Anticipated purchase price for direct materials: Grates < Stainless steel Burner subassemblies Shelves f. Direct labor requirements: Backyard Chef: Stamping Department $15 per unit $6 per lb. $110 per unit $10 per unit 0.50 hr. at $17 per hr. Forming Department Check My Work 3 more Check My Work uses remaining. 0.60 hr. at $15 per hr. Q Search All work saved. W X P Previous Save and Exit Submit Assignment for Grading A 10/2 eBook Grates Stainless steel Burner subassemblies Shelves 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. Print Item B Check My Work 3 more Check My Work uses remaining. Q Search $15 per unit $6 per lb. $110 per unit $10 per unit 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. All work saved. 0 W X Save and Exit Previous Submit Assignment for Grading 10/ < Required: 1. Prepare a sales budget for July. Backyard Chef: Maine Vermont New Hampshire Total Master Chef: Maine Vermont New Hampshire Total Total revenue from sales Print Item Product and Area Gourmet Grill Company Sales Budget For the Month Ending July 31 Check My Work 3 more Check My Work uses remaining. Q Search All work saved. Unit Sales Volume Unit Selling Total Sales Price $ $ 111 W P 5 Previous Save and Exit Submit Assignment for Grading ^ Total Total revenue from sales A $ 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 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. Check My Work 3 more Check My Work uses remaining. Q Search Gourmet Grill Company Direct Materiale Durchacac Rudnat All work saved. W X Previous Save and Exit Submit Assignment for Grading A 4x 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. B < 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 Gourmet Grill Company Direct Materials Purchases Budget For the Month Ending July 31 4. Prenare a direct labor cost budget for lulv Check My Work 3 more Check My Work uses remaining. Search Grates Stainless Steel (units) (lbs.) Burner Sub- assemblies (units) Shelves (units) Total $ $ $ $ $ $ All work saved. W LA $ Previous Save and Exit Submit Assignment for Grading 4x b 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 Check My Work 3 more Check My Work uses remaining. Q Search Gourmet Grill Company Direct Labor Cost Budget For the Month Ending July 31 $ Stamping Department Forming Department Assembly Department Total $ $ 47 $ All work saved. o W XP $ Previous Save and Exit Submit Assignment for Grading < 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: 13 310 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 at $750 per unit 180 units at $1,400 per unit 290 units 1,500 lbs. 170 units 340 units Check My Work 3 more Check My Work uses remaining. Q Search All work saved. W Previous Save and Exit Submit Assignment for Grading 5:47 10/24/2 Master Chef b. Estimated inventories at July 1: Direct materials: Grates Stainless steel Burner subassemblies Shelves Finished products: Backyard Chef Master Chef c. Desired inventories at July 31: Direct materials: Grates 180 units at $1,400 per unit 290 units 1,500 lbs. 170 units 340 units 30 units 32 units Stainless steel 340 units 1,800 lbs. Burner subassemblies 155 units Shelves 315 units Finished products: Backyard Chef Master Chef 40 units 22 units Check My Work 3 more Check My Work uses remaining. Q Search All work saved. H W X P Previous Save and Exit Submit Assignment for Grading 5:47 10/24/20 < Shelves Finished products: Backyard Chef Master Chef d. Direct materials used in production: In manufacture of Backyard Chef: Grates Stainless steel Burner subassemblies Shelves 315 units 40 units 22 units 3 units per unit of product 24 lbs. per unit of product 2 units per unit of product 4 units per unit of product In manufacture of Master Chef: Grates Stainless steel Burner subassemblies 6 units per unit of product 42 lbs. per unit of product 4 units per unit of product unite nor unit of Check My Work 3 more Check My Work uses remaining. Search All work saved. W X P Previous Save and Exit Submit Assignment for Grading 10/2 Shelves 4 units per unit of product In manufacture of Master Chef: Grates Stainless steel Burner subassemblies Shelves 6 units per unit of product 42 lbs. per unit of product 4 units per unit of product 5 units per unit of product e. Anticipated purchase price for direct materials: Grates < Stainless steel Burner subassemblies Shelves f. Direct labor requirements: Backyard Chef: Stamping Department $15 per unit $6 per lb. $110 per unit $10 per unit 0.50 hr. at $17 per hr. Forming Department Check My Work 3 more Check My Work uses remaining. 0.60 hr. at $15 per hr. Q Search All work saved. W X P Previous Save and Exit Submit Assignment for Grading A 10/2 eBook Grates Stainless steel Burner subassemblies Shelves 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. Print Item B Check My Work 3 more Check My Work uses remaining. Q Search $15 per unit $6 per lb. $110 per unit $10 per unit 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. All work saved. 0 W X Save and Exit Previous Submit Assignment for Grading 10/ < Required: 1. Prepare a sales budget for July. Backyard Chef: Maine Vermont New Hampshire Total Master Chef: Maine Vermont New Hampshire Total Total revenue from sales Print Item Product and Area Gourmet Grill Company Sales Budget For the Month Ending July 31 Check My Work 3 more Check My Work uses remaining. Q Search All work saved. Unit Sales Volume Unit Selling Total Sales Price $ $ 111 W P 5 Previous Save and Exit Submit Assignment for Grading ^ Total Total revenue from sales A $ 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 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. Check My Work 3 more Check My Work uses remaining. Q Search Gourmet Grill Company Direct Materiale Durchacac Rudnat All work saved. W X Previous Save and Exit Submit Assignment for Grading A 4x 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. B < 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 Gourmet Grill Company Direct Materials Purchases Budget For the Month Ending July 31 4. Prenare a direct labor cost budget for lulv Check My Work 3 more Check My Work uses remaining. Search Grates Stainless Steel (units) (lbs.) Burner Sub- assemblies (units) Shelves (units) Total $ $ $ $ $ $ All work saved. W LA $ Previous Save and Exit Submit Assignment for Grading 4x b 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 Check My Work 3 more Check My Work uses remaining. Q Search Gourmet Grill Company Direct Labor Cost Budget For the Month Ending July 31 $ Stamping Department Forming Department Assembly Department Total $ $ 47 $ All work saved. o W XP $ Previous Save and Exit Submit Assignment for Grading
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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