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The budget director of Samgyupsawelcome Grill requests estimates of sales, production and other operating data from the various administrative units every month. Selected information concerning sales and production for December 2019 is summarized as follows: A. Estimated sales for December by sales territory: Cavite: Backyard Chef 310 units at $700 per unit Master Chef 150 units at $1,200 per unit Laguna: Backyard Chef 240 units at $750 per unit Master Chef 110 units at $1,300 per unit Batangas 360 units at $750 per unit 180 units at $1,400 per unit Backyard Chef Master Chef B. Estimated inventories at Dec 1 Direct Materials: Finished products: Grates: 290 units Backyard Chef: 30 units Master Chef: 32 units Stainless steel: 1,500 Ibs Burner assemblies: 170 units Shelves: 340 units

The budget director of Samgyupsawelcome Grill requests estimates of sales, production and other operating data from the various administrative units every month. Selected information concerning sales and production for December 2019 is summarized as follows: A. Estimated sales for December by sales territory: Cavite: Backyard Chef 310 units at $700 per unit Master Chef 150 units at $1,200 per unit Laguna: Backyard Chef 240 units at $750 per unit Master Chef 110 units at $1,300 per unit Batangas 360 units at $750 per unit 180 units at $1,400 per unit Backyard Chef Master Chef B. Estimated inventories at Dec 1 Direct Materials: Finished products: Grates: 290 units Backyard Chef: 30 units Master Chef: 32 units Stainless steel: 1,500 Ibs Burner assemblies: 170 units Shelves: 340 units

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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C. Desired inventories at Dec 31: 1 of 2 Direct Materials Finished products: Grates: 340 units Backyard Chef: 40 units Stainless: 1,800 Ibs Master Chef: 22 units Burner Assemblies: 155 units Shelves: 315 units D. 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 Assemblies 2 units per unit of product Shelves 4 units per unit of product In manufacture of Master Chef Grates 6 units per unit of product Stainless steel 42 Ibs per unit of product Burner Assemblies 4 units per unit of product Shelves 5 units per unit of product
Transcribed Image Text:C. Desired inventories at Dec 31: 1 of 2 Direct Materials Finished products: Grates: 340 units Backyard Chef: 40 units Stainless: 1,800 Ibs Master Chef: 22 units Burner Assemblies: 155 units Shelves: 315 units D. 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 Assemblies 2 units per unit of product Shelves 4 units per unit of product In manufacture of Master Chef Grates 6 units per unit of product Stainless steel 42 Ibs per unit of product Burner Assemblies 4 units per unit of product Shelves 5 units per unit of product
The budget director of Samgyupsawelcome Grill requests estimates of sales, production and other operating data from the various administrative units every month. Selected information concerning sales and production for December 2019 is summarized as follows: A. Estimated sales for December by sales territory: Cavite: Backyard Chef 310 units at $700 per unit 150 units at $1,200 per unit Master Chef Laguna: Backyard Chef Master Chef 240 units at $750 per unit 110 units at $1,300 per unit Batangas Backyard Chef 360 units at $750 per unit Master Chef 180 units at $1,400 per unit B. Estimated inventories at Dec 1 Direct Materials: Finished products: Grates: 290 units Backyard Chef: 30 units Master Chef: 32 units Stainless steel: 1,500 Ibs Burner assemblies: 170 units Shelves: 340 units
Transcribed Image Text:The budget director of Samgyupsawelcome Grill requests estimates of sales, production and other operating data from the various administrative units every month. Selected information concerning sales and production for December 2019 is summarized as follows: A. Estimated sales for December by sales territory: Cavite: Backyard Chef 310 units at $700 per unit 150 units at $1,200 per unit Master Chef Laguna: Backyard Chef Master Chef 240 units at $750 per unit 110 units at $1,300 per unit Batangas Backyard Chef 360 units at $750 per unit Master Chef 180 units at $1,400 per unit B. Estimated inventories at Dec 1 Direct Materials: Finished products: Grates: 290 units Backyard Chef: 30 units Master Chef: 32 units Stainless steel: 1,500 Ibs Burner assemblies: 170 units Shelves: 340 units
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