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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
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 13,700 25,400 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 1 540 lbs. 220 lbs. 270 lbs. Desired inventory, November 30 570 lbs. 210 lbs. 300 lbs. Price per pound $1.50 $2.20 $3.00 Prepare November's direct materials purchases budget for Tobin's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sian. Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Direct Materials Direct Materials Dough Tomato Direct Materials Cheese Total Units required for production: 12" pizza 12,330 8,220 10,960 16" pizza 38,100 25,400 33,020 Desired inventory, November 30 570 210 300 Total units available 51,000 33,830 44,280 Estimated inventory, November 1 540 220 270 Total units to be purchased Unit Price X $ X $ X $ Total direct materials to be purchased ID
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