Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Direct Materiais Purchases budget Romano's Frozen Puzza Inc. has determined from its production budget the following estimated production volumes for 12 and 16 frozen pizzas
Direct Materiais Purchases budget Romano's Frozen Puzza Inc. has determined from its production budget the following estimated production volumes for 12 and 16" frozen pizzas for September: Units 12" Pizza 16" Pizza Budgeted production volume 14,800 22,700 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, Romano's has determined the following information about each material: Dough Tomato Cheese Estimated Inventory, September 1 650 lbs 200 lbs 300 lbs. Desired inventory, September 30 680 lbs. 190 lbs. 330 lbs Price per pound $1.30 $2.30 $3.40 Prepare September's direct materials purchases budget for Romano's Frozen Pizza inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign Romano's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Dough Tomato Cheese Total Units required for production: 12" pizza 16" pizza Desired Inventory, September 30 Total units available Estimated inventory. September 1 Total units to be purchased Unit Price X $ Total direct materials to be purchased
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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