Question
8. EX.22.09.ALGO Direct Materials Purchases Budget Tobins Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16''
8. EX.22.09.ALGO
Direct Materials Purchases Budget
Tobins 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 | 13,500 | 26,100 |
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 | 16" Pizza | ||||
Direct materials: | |||||
Dough | 0.90 | lb. per unit | 1.50 | lbs. per unit | |
Tomato | 0.60 | 1.00 | |||
Cheese | 0.80 | 1.30 |
In addition, Tobin's has determined the following information about each material:
Dough | Tomato | Cheese | ||||
Estimated inventory, November 1 | 550 | lbs. | 190 | lbs. | 320 | lbs. |
Desired inventory, November 30 | 580 | lbs. | 180 | lbs. | 350 | lbs. |
Price per pound | $1.00 | $2.50 | $3.20 |
Prepare November's direct materials purchases budget for Tobins Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Direct Materials | Direct Materials | Direct Materials | ||
Dough | Tomato | Cheese | Total | |
Units required for production: | ||||
12" pizza | fill in the blank 1 | fill in the blank 2 | fill in the blank 3 | |
16" pizza | fill in the blank 4 | fill in the blank 5 | fill in the blank 6 | |
Desired inventory, November 1Desired inventory, November 30Estimated inventory, November 1Estimated inventory, November 30Supervisor salaries | - Select - | - Select - | - Select - | |
Total units available | fill in the blank 11 | fill in the blank 12 | fill in the blank 13 | |
Desired inventory, November 1Desired inventory, November 30Estimated inventory, November 1Estimated inventory, November 30Supervisor salaries | - Select - | - Select - | - Select - | |
Total units to be purchased | fill in the blank 18 | fill in the blank 19 | fill in the blank 20 | |
Unit Price | x $fill in the blank 21 | x $fill in the blank 22 | x $fill in the blank 23 | |
Total direct materials to be purchased | $fill in the blank 24 | $fill in the blank 25 | $fill in the blank 26 | $fill in the blank 27 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started