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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 76,000 56,000 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 0.55 lb. per unit 0.80 lbs, per unit Tomato Cheese 0.70 1.20 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 2,800 lbs. 1,000 lbs. 2,700 lbs. Desired inventory, November 30 2,100 lbs. 1,000 lbs. 2,800 lbs. Price per pound $0.60 $0.70 $0.95 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. 0.25 0.40 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. Round your final answers to the nearest dollar Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Cheese Units required for production: 12" pizza 16" pizza Dough Tomato Total Total units available Total units to be purchased Unit price Total direct materials to be purchased 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 DATA 12 Pizza 16" Pizza Budgeted production volume units 76,000 56,000 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: DATA 12 Pizza 16* Pizza Direct materials Dough Tomato Cheese 0.65 lb per unit 0.25 0.70 0.80 lbs per unit 0.40 1.20 In addition, Tobin's has determined the following information about each material Estimated inventory, November 1 Desired inventory, November 30 Price per pound Dough 2800 lbs 2100 lbs $0.60 DATA Tomato 1000 lbs 1000 lbs S0.70 Cheese 2700 lbs 2800 lbs SO.95