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 Budgeted production volume 12" Pizza 50,000 16" Pizza 30,000 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: Direct materials: 12" Pizza 16" Pizza 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 Estimated inventory, November 1 Desired inventory, November 30 2,700 lbs. 2,200 lbs. 1,000 lbs. Cheese 3,100 lbs. Price per pound $0.30 1,500 lbs. $0.40 2,500 lbs. $0.65 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. 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. Round your final answers to the nearest dollar. Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Units required for production: 12" pizza 16" pizza Total units available Total units to be purchased Unit price Total direct materials to be purchased Dough Tomato Cheese Total $ x $ x $