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 78,000 58,000 Budgeted production volume 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 Cheese 0.25 0.70 0.40 1.20 In addition, Tobin's has determined the following information about each material: Estimated inventory, November 1 Dough 2,800 lbs. Tomato Cheese 1,000 lbs. Desired inventory, November 30 Price per pound 1,900 lbs. $0.50 1,400 lbs. $0.60 3,100 lbs. 2,500 lbs. $0.85 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. Open spreadsheet 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 Dough Tomato Cheese Total Units required for production: 12" pizza 16" pizza 42,900 19,500 54,600 46,400 23,200 69,600 Desired inventory, November 30 1,900 1,400 2,500 Total units available 89,300 X 42,700 X 124,200 X Estimated inventory, November 1 2,800 X 1,000 x 3,100 X Total units to be purchased Unit price x Total direct materials to be purchased