Direct Materials Purchases Budget Lorenzo's Frozen Pizza 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 13,100 22,600 Three direct materials are 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 Tomato Cheese 0.80 lb. per unit 0.50 0.70 1.50 lb. per unit 0.70 1.30 In addition, Lorenzo's has determined the following information about each material Dough 560 lb 590 lb Tomato 180 lb 170 lb Cheese 270 lb 300 lb Estimated inventory, September 1 Desired inventory, September 30 Price per pound Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. $1.30 $2.40 $3.10 Lorenzo's Frozen Pizza Inc Direct Materials Purchases Budget For the Month Ending September 30 Dough Tomato Cheese Total Units required for production 10,000 | X 32,700 X 580 | X 43,280 x 490 | X 6,250X 15,260 | X 185 X 21,695 X 230 X 21,465X 8,750X 28,340 | X 340 | X 37,430 X 275 X 37,155X 2.6 X 96,603 X 12" pizza 16" pizza Plus desired inventory, September 1 Total pounds required Less desired inventory, September 30 Total units to be purchased Unit price Total direct materials to be purchased x$0.50 Xx 2.2 X x 21,395 X 47,223 X 165,221 X