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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: Budgeted production volume Units 12" Pizza 16" Pizza 14,000 26,700 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: Direct materials: 12" Pizza 16" Pizza 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 Estimated inventory, November 1 640 lbs. Desired inventory, November 30 Price per pound 670 lbs. $1.10 Tomato 200 lbs. 190 lbs. $2.20 Cheese 360 lbs. 390 lbs. $3.40 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 sign. Tobin's Frozen Pizza Inc. blank 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 For the Month Ending November 30 Direct Materials Dough Direct Materials Direct Materials blank Tomato Cheese Total x 0000000 coopopg
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