Question
Direct Materials Purchases Budget Tobins Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas
Direct Materials Purchases Budget
Tobins Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for November:
| Units | ||||
| 12" Pizza | 16" Pizza | |||
| Budgeted production volume | 14,200 | 24,800 | ||
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 | 0.90 | lb. per unit | 1.50 | lbs. per unit | |
| Tomato | 0.60 | 1.00 | |||
| Cheese | 0.80 | 1.30 | |||
In addition, Tobin's has determined the following information about each material:
| Dough | Tomato | Cheese | ||||
| Estimated inventory, November 1 | 640 | lbs. | 210 | lbs. | 330 | lbs. |
| Desired inventory, November 30 | 670 | lbs. | 200 | lbs. | 360 | lbs. |
| Price per pound | $1.40 | $2.50 | $3.40 | |||
Prepare November's direct materials purchases budget for Tobins Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
| Tobins Frozen Pizza Inc. | ||||
| Direct Materials Purchases Budget | ||||
| For the Month Ending November 30 | ||||
| Direct Materials | Direct Materials | Direct Materials | ||
| Dough | Tomato | Cheese | Total | |
| Units required for production: | ||||
| 12" pizza | fill in the blank 1 | fill in the blank 2 | fill in the blank 3 | |
| 16" pizza | fill in the blank 4 | fill in the blank 5 | fill in the blank 6 | |
| Desired inventory, November 30 | fill in the blank 8 | fill in the blank 9 | fill in the blank 10 | |
| Total units available | fill in the blank 11 | fill in the blank 12 | fill in the blank 13 | |
| Estimated inventory, November 1 | fill in the blank 15 | fill in the blank 16 | fill in the blank 17 | |
| Total units to be purchased | fill in the blank 18 | fill in the blank 19 | fill in the blank 20 | |
| Unit Price | x $fill in the blank 21 | x $fill in the blank 22 | x $fill in the blank 23 | |
| Total direct materials to be purchased | $fill in the blank 24 | $fill in the blank 25 | $fill in the blank 26 | $fill in the blank 27 |
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