Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Direct Materials Purchases Budget Marino's Frozen Pizza Inc, has determined from its production budget the following estimated production volumes for 12t and 16 frozen pizzas

image text in transcribed
image text in transcribed
Direct Materials Purchases Budget Marino's Frozen Pizza Inc, has determined from its production budget the following estimated production volumes for 12t" and 16" frozen pizzas for June 2016 Units 12" Pizza 16" Pizza 14,700 24,300 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 12" Pizza 16" Pizza Direct materials: Dough Tomato Cheese 0.90 lb. per unit 0.60 0.80 50 Ibs. per unit 1.00 1.30 In addition, Marino's has determined the following information about each material: Estimated inventory, June 1, 2016 Desired inventory, June 30, 2016 Price per pound Prepare June's direct materials purchases budget for Marino's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Dough Tomato Cheese 600 lbs. 160 bs. 300 bs 630 bs160 ibs. 330 lbs. $1.3$2.2 13 Marino's Frozen Pizza Inc Direct Materials Purchases Budget DoughTomatoCheese Total Units required for production: 2" pizza 6 pizza PreviousNext

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Fundamentals In A South African Context

Authors: Gerrit Penning, Rika Butler, Pieter Von Wielligh, Frans Prinsloo

2nd Edition

0190749040, 978-0190749040

More Books

Students also viewed these Accounting questions