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 14,600 24,900 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: Direct materials: 12" Pizza 16" Pizza 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 1 640 lb. Desired inventory, September 30 670 lb. 240 lb. 230 lb. 350 lb. 380 lb. Price per pound $1.30 $2.10 $3.40 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Units required for production: 12" pizza 16" pizza Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Plus desired inventory, September 30 Total pounds required Less estimated inventory, September 1 Total pounds to be purchased Unit price (per pound) Total direct materials to be purchased Dough Tomato Cheese Total x $ x x $ A LA LA