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 12,600 26,400 Three direct materials are used in producing the two types of pizza. The quantities of direct materlals expected to be used for each pizza are as follows: 12" Pizza 16" Pizza Direct materials: Dough 0.80 lb. per unit 1.50 lb. per unit Tomato 0.50 0.70 Cheese 0.70 1.30 In addition, Lorenzo's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 580 lb. 230 lb. 330 lb. Desired inventory, September 30 610 lb. 220 lb. 360 lb. $1.30 $2.60 $3.10 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. In addition, Lorenzo's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 580 lb. 230 lb. 330 lb. Desired inventory, September 30 610 lb. 220 lb. 360 lb. Price per pound $1.30 $2.60 $3.10 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo'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 Total pounds required Total units to be purchased x S x S Unit price Total direct materials to be purchased