Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Direct Materials Purchases Badget Tobin's Frozen Pizza i has determined from its production budget the following estimated production volumes for 12 and 16 frozen pizzas

image text in transcribed
image text in transcribed
Direct Materials Purchases Badget Tobin's Frozen Pizza i 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 15,300 26,900 There are three direct materials used in producing the two types of pizza. The quantities of direct materials expected to be used for each perare as follows 12" Pizza 16" Pizza Direct materials Dough 0.90 ib. per un 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 1 590 lbs 210 300 lbs Desired inventory, November 30 620 lbs 200 lbs 330 lbs Price per pound $110 $2.50 $3.00 Fredare November's direct materials purchases budget for Tobin's Frozen za Inc. For those in which you must enter tracted et numbers useminasi STOW Me How TUR bungu Estimated inventory, November 1 590 lbs. 210 lbs 300 lbs. Desired inventory, November 30 620 lbs. 200 lbs. 330 lbs. Price per pound $1.10 $2.50 $3.00 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" 10 za Total units available Total units to be purchased Unit Price Total direct materials to be purchased 6:00 M

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Fundamentals

Authors: John J. Wild

8th Edition

1260728609, 9781260728606

More Books

Students also viewed these Accounting questions

Question

Why is it necessary to make an adjustment for supplies used?

Answered: 1 week ago