Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Chapter 22 Homework eBook Show Me How Direct Materials Purchases Budget Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production
Chapter 22 Homework eBook Show Me How 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 16,400 24,800 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 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 1 520 lbs. . 220 lbs. 350 lbs. Desired inventory, November 30 550 lbs. 210 lbs. 380 lbs. Price per pound $1.10 $2.60 $3.10 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 Check My Work Previous Next Dough Tomato Cheese Estimated inventory, November 1 520 lbs. 220 lbs. 350 lbs. Desired inventory, November 30 550 lbs. 210 lbs. 380 lbs. Price per pound $1.10 $2.60 $3.10 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 Direct Materials Direct Materials Direct Materials Dough Tomato Cheese Total Units required for production: 12" pizza 16" pizza Total units available Total units to be purchased Unit Price XS x SI x $ Total direct materials to be purchased $ Check My Work Previous Next Assignment Score: 7.45% All work saved. Save and Exit Submit Assignment for Grading
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