Direct Materials Purchases Budget Lorenzos 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 12,700 24,500 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" 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, Lorenzos has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 530 lb. 240 lb. 360 lb. Desired inventory, September 30 560 lb. 230 lb. 390 lb. Price per pound $1.40 $2.20 $3.00 Prepare September's direct materials purchases budget for Lorenzos Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzos 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 Unit price x $ x $ x $ Total direct materials to be purchased $ $ $ $