Grates 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: Shelves Maine: Backyard Chef Grates Master Chef Vermont: Backyard Chef Master Chef New Hampshire: Stainless steel Shelves Backyard Chef Master Chef c. Desired inventories at March 31: Direct materials: Direct materials: b. Estimated inventories at March 1: Grates Stainless steel Burner subassemblies Shelves Finished products: Backyard Chef Master Chef d. Direct materials used in production: In manufacture of Backyard Chef: Stainless steel Burner subassemblies Shelves Finished products: Backyard Chef Master Chef Grates Stainless steel Burner subassemblies In manufacture of Master Chef: Burner subassemblies 350 units at $800 per unit 200 units at $1,400 per unit 400 units at $825 per unit 240 units at $1,500 per unit 320 units at $850 per unit 200 units at $1,600 per unit 300 units 1,500 lb. 210 units 400 units 3 units per unit of product 24 lb. per unit of product 2 units per unit of product 4 units per unit of product 6 units per unit of product 42 lb. per unit of product 4 units per unit of product 5 units per unit of product 40 units 26 units 320 units 1,700 lb. 190 units 350 units. 30 units 36 units e. Anticipated purchase price for direct materials: 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 $16 per unit $8 per lb. $120 per unit $12 per unit 0.50 hr. at $18 per hr. 0.60 hr. at $16 per hr. 1.0 hr. at $15 per hr. 0.60 hr. at $18 per hr. 0.80 hr. at $16 per hr. 1.50 hrs. at $15 per hr.

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter22: Budgeting
Section: Chapter Questions
Problem 2PA: Sales, production, direct materials purchases, and direct labor cost budgets The budget director of...
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3. Prepare a direct materials purchases budget for March.
Required units for production:
Backyard Chef
Master Chef
Plus desired inventory, March 31
Total
Less estimated inventory, March 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 March 31
Grates
(units)
Stainless Steel
(lb.)
Burner Sub-
assemblies
(units)
Shelves
(units)
Total
Transcribed Image Text:3. Prepare a direct materials purchases budget for March. Required units for production: Backyard Chef Master Chef Plus desired inventory, March 31 Total Less estimated inventory, March 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 March 31 Grates (units) Stainless Steel (lb.) Burner Sub- assemblies (units) Shelves (units) Total
Grates
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:
Grates
Maine:
c. Desired inventories at March 31:
Direct materials:
Shelves
Backyard Chef
Master Chef
Vermont:
Backyard Chef
Master Chef
New Hampshire:
Stainless steel
Grates
Backyard Chef
Master Chef
b. Estimated inventories at March 1:
Direct materials:
Grates
Stainless steel
Burner subassemblies
Shelves
Burner subassemblies
Shelves
Finished products:
Backyard Chef
Master Chef
Finished products:
Backyard Chef
Master Chef
d. Direct materials used in production:
In manufacture of Backyard Chef:
Stainless steel
Shelves
Stainless steel
Burner subassemblies
In manufacture of Master Chef:
Burner subassemblies.
350 units at $800 per unit
200 units at $1,400 per unit
400 units at $825 per unit
240 units at $1,500 per unit
320 units at $850 per unit
200 units at $1,600 per unit
300 units
1,500 lb.
210 units
400 units
40 units
3 units per unit of product
24 lb. per unit of product
2 units per unit of product
4 units per unit of product
6 units per unit of product
42 lb. per unit of product
4 units per unit of product
5 units per unit of product
26 units
320 units
1,700 lb.
190 units
350 units
30 units
36 units
e. Anticipated purchase price for direct materials:
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
$16 per unit
$8 per lb.
$120 per unit
$12 per unit
0.50 hr. at $18 per hr.
0.60 hr. at $16 per hr.
1.0 hr. at $15 per hr.
0.60 hr. at $18 per hr.
0.80 hr. at $16 per hr.
1.50 hrs. at $15 per hr.
Transcribed Image Text:Grates 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: Grates Maine: c. Desired inventories at March 31: Direct materials: Shelves Backyard Chef Master Chef Vermont: Backyard Chef Master Chef New Hampshire: Stainless steel Grates Backyard Chef Master Chef b. Estimated inventories at March 1: Direct materials: Grates Stainless steel Burner subassemblies Shelves Burner subassemblies Shelves Finished products: Backyard Chef Master Chef Finished products: Backyard Chef Master Chef d. Direct materials used in production: In manufacture of Backyard Chef: Stainless steel Shelves Stainless steel Burner subassemblies In manufacture of Master Chef: Burner subassemblies. 350 units at $800 per unit 200 units at $1,400 per unit 400 units at $825 per unit 240 units at $1,500 per unit 320 units at $850 per unit 200 units at $1,600 per unit 300 units 1,500 lb. 210 units 400 units 40 units 3 units per unit of product 24 lb. per unit of product 2 units per unit of product 4 units per unit of product 6 units per unit of product 42 lb. per unit of product 4 units per unit of product 5 units per unit of product 26 units 320 units 1,700 lb. 190 units 350 units 30 units 36 units e. Anticipated purchase price for direct materials: 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 $16 per unit $8 per lb. $120 per unit $12 per unit 0.50 hr. at $18 per hr. 0.60 hr. at $16 per hr. 1.0 hr. at $15 per hr. 0.60 hr. at $18 per hr. 0.80 hr. at $16 per hr. 1.50 hrs. at $15 per hr.
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