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8. EX.22.09.ALGO (Algorithmic) Direct Materials Purchases Budget Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12 and
8. EX.22.09.ALGO (Algorithmic) Direct Materials Purchases Budget Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November: Units 12" Pizza 16" Pizza Budgeted production volume 13,200 22,800 There are three direct materials used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 12" Pizza Direct materials: 16" Pizza Dough 0.90 lb. per unit 1.50 lbs. per unit Tomato 0.60 Cheese 0.80 1.00 1.30 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 650 lbs. 230 lbs. 310 lbs. Desired inventory, November 30 Price per pound 680 lbs. 220 lbs. 340 lbs. $1.30 $2.10 $3.30 CHO Prepare November's direct materials purchases budget for Tobin's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Units required for production: 12" pizza 16" pizza Total units available Total units to be purchased Unit Price Direct Materials Dough Direct Materials Tomato Direct Materials Cheese Total | | | | | | | | x $ x $ x $ - 11 Total direct materials to be purchased
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