Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Lorenzo's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12 Units and IS frozen pizzas for September:
Lorenzo's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" Units and IS" frozen pizzas for September: Budgeted production volume 12" Pizza 13,900 16" Pizza 26,600 Three direct materials are used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: Direct materials: Doug h Tomato Ch eese 12" Pizza 0.80 lb. per unit 0.50 0.70 16" Pizza 1.50 lbs. per unit 0.70 1.30 In addition, Lorenzo's has determined the following information about each material: Estimated inventory, September I Desired inventory, September 30 Price per pound Dough 520 lbs. 550 lbs. $1.10 Tomato 230 lbs. 220 lbs. $2.80 Cheese 340 lbs. 370 lbs. $3.30 Prepare Septembers direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Endinq September 30 Dough Tomato Cheese Total Units required for production: 12" pizza 16" pizza Total pounds required Total units to be purchased Unit price Total direct materials to be purchased
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started