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Direct materials purchases budget Tobins Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas

Direct materials purchases budget

Tobins 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 61,000 41,000

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 0.55 lb. per unit 0.80 lbs. per unit
Tomato 0.25 0.40
Cheese 0.70 1.20

In addition, Tobins has determined the following information about each material:

Dough Tomato Cheese
Estimated inventory, November 1 2,700 lbs. 1,100 lbs. 2,900 lbs.
Desired inventory, November 30 2,200 lbs. 1,000 lbs. 2,500 lbs.
Price per pound $0.30 $0.40 $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.

Open spreadsheet

Prepare November's direct materials purchases budget for Tobins 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.

Tobins 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
Total units available
Total units to be purchased
Unit price x $ x $ x $
Total direct materials to be purchased $ $ $ $

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