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 Budgeted production volume 54,000 34,000 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, Tobin's has determined the following Information about each material: Dough Tomato Cheese Estimated Inventory, November 1 2.500 lbs. 1,000 lbs 2.900 lbs Desired Inventory, November 30 1,800 lbs. 1,300 lbs. 2,900 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 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 17 plaza 29,700 13,500 37,800 16 pizza 27,200 13,600 40,800 Deired inventory November 30 1,900 X 1,200 X 3,000 X Total units available 58,800X 28,300 X 81,600 X Estimated Inventory November 1 -2,800 x -900 X -3,100 x Total units to be purchased 56,000 X 27,400 X 78,600 Unit price X 0.3 x 0.4 x 5 0.65 Total direct materials to be purchased 17,007 X 10,888 X 51,090 78,985 X