Direct materials purchases budget Tobin's 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 70,000 50,000 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 0.55 lb. per unit 0.80 lbs. per unit Tomato 0.25 0.40 Cheese 0.70 1.20 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated Inventory, November 1 2,600 lbs 1,000 lbs 3,000 lbs Desired Inventory, November 30 2,000 lbs. 1,200 lbs. 2,600 lbs. Price per pound $0.80 $1.05 30.70 Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Dough Tomato Cheese Total Units required for production: 12" pizza 16" pizza Desired inventory, November 30 Total units available Estimated Inventory, November 1 Total units to be purchased Unit price Total direct materials to be purchased Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 56,000 passenger car tires and 17,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 31 lbs. per unit 72 lbs, per unit Steel belts 4 lbs. per unit 10 lbs. per unit The purchase prices of rubber and steel are $3.40 and $4.50 per pound, respectively. The desired ending inventories of rubber and steel belts are 53,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 62,000 and 9,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2019. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2049. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2019 Rubber Steel Belts Total Pounds required for production: Passenger tires lbs. lbs. Truck tires Desired inventory, December 31, 2019 Ibs Ibs. Total pounds available Estimated inventory, January 1, 2019 Total units purchased Ibs. lbs. Unit price X $ X $ Total direct materials to be purchased