Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

eBook Show Me How Office 365 Calculator Direct materials purchases budget Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production

image text in transcribed
image text in transcribed
eBook Show Me How Office 365 Calculator 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" Plzza 16" Pizza Budgeted production volume 83,000 63,000 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 ib. per unit 0.80 lbs. per unit Tomato 0.25 0.40 Cheese 0.70 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 2,800 lbs. 1,100 lbs. 2,800 lbs Desired Inventory, November 30 1,800 lbs. 1,300 lbs. 2,700 lbs Price per pound $0.60 $0.70 $0.95 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 bel 1.20 x 1 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 minu sign. Round your final answers to the nearest dollar Check My Work 2 more Check My Work uses remaining Previous Next 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 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 Desired inventory, November 30 Total units available Estimated inventory, November 1 Total units to be purchased Unit price Total direct materials to be purchased Check My Work 2 more Check My Work uses remaining Previous N All work saved Save and Exit Submit Assignment for

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Fraud Handbook

Authors: Joseph T. Wells

1st Edition

1118728505, 9781118728505

More Books

Students also viewed these Accounting questions

Question

What lessons in intervention design, does this case represent?

Answered: 1 week ago