Direct Materials Purchases Budget

Lorenzo's Frozen Pizza Inc. has determined from its A budget of estimated unit production.production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for September:

Units12" Pizza16" PizzaBudgeted production volume12,70024,500

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" Pizza16" PizzaDirect materials:Dough0.80 lb. per unit1.50lb. per unitTomato0.500.70Cheese0.701.30

In addition, Lorenzo's has determined the following information about each material:

DoughTomatoCheeseEstimated inventory, September 1530lb.240lb.360lb.Desired inventory, September 30560lb.230lb.390lb.Price per pound$1.40$2.20$3.00

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 BudgetFor the Month Ending September 30DoughTomatoCheeseTotalUnits required for production:12" pizza16" pizzaLess desired inventory, September 1
• Less desired inventory, September 30
• Plus desired inventory, September 1
• Plus desired inventory, September 30
• Plus estimated inventory, September 1
• Plus estimated inventory, September 30
• Total pounds requiredLess desired inventory, September 1
• Less desired inventory, September 30
• Less estimated inventory, September 1
• Less estimated inventory, September 30
• Plus estimated inventory, September 1
• Plus estimated inventory, September 30