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 84,000 16" Pizza 64,000 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 Tomato 0.55 lb. per unit 0.80 lbs. per unit 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 Desired inventory, November 30 Price per pound Dough 2,700 lbs. 800 lbs. 2,100 lbs. 1,500 lbs. $0.50 $0.60 Tomato Cheese 3,000 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.