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Direct Materials Purchases Budget Marino's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas
Direct Materials Purchases Budget
Marino's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for June 2014:
Units 12" Pizza 16" Pizza Budgeted production volume There are three direct materials used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 14,600 21,600 12" Pizza 16" Pizza Direct materials: Dough Tomato Cheese 0.90 lb. per unit 0.60 0.80 1.50 lbs. per unit 1.00 1.30 In addition, Marino's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, June 1, 2014 Desired inventory, June 30, 2014 Price per pound 550 lbs. 160 lbs. 290 lbs. 580 lbs. 160 lbs. 320 lbs. $1.00 $2.20 $3.00 Hide Prepare June's direct materials purchases budget for Marino's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Marino's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending June 30, 2014 Dough Tomato Cheese Total Units required for production: 12" pizza 16" pizza Total Total units to be purchased Unit price Total direct materials to be purchasedStep by Step Solution
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