Cash Budget Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purchase. If purchases are budgeted to be $40,000 for August and $36,000 for September Prepare a simple cash budget for Pasadena Candle Inc, Pasadena Candle Inc. Schedule of Cash Payments for Purchases For the Month Ending September Total payments for purchases on account 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 70,000 50,000 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: 0.55 lb, per unit 0.80 lb, per unit Dough Tomato 0.25 0.40 Cheese 0.70 1.20 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese 2,500 lbs. 1,000 lbs 3,000 lbs Estimated Inventory, November 1 Desired Inventory, November 30 Price per pound 2,000 lbs 1,200 lbs 2,800 lbs $0.50 $0.60 $0.85 Daar hart is