The budget director of Gourmet Grill Company requests estimates of sales, production and other operating data from
Question:
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:
c. Desire inventories at July 31:
d. Direct materials used in production:
e. Anticipated purchase price for direct materials:
f. Direct labor requirements:
Instructions
1. Prepare a sales budget for July.
2. Prepare a production budget for July.
3. Prepare a direct materials purchases budget for July.
4. Prepare a direct labor cost budget forJuly.
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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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