Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help on trying to find these and work this problem out. Direct materials purchases budget Tobin's Frozen Pizza Inc. has determined from its

image text in transcribedimage text in transcribedI need help on trying to find these and work this problem out.

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 72,000 52,000 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 0.25 0.80 lbs. per unit 0.40 Tomato Cheese 0.70 1.20 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 Desired inventory, November 30 2,400 lbs. 1,800 lbs. $0.60 1,100 lbs. 1,200 lbs. $0.70 2,900 lbs. 2,800 lbs. $0.95 Price per pound 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. x 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: 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

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

Collaborative Auditing

Authors: James Pelletier, Yuki Matsuura

2nd Edition

ISBN: 0894139606, 9780894139604

More Books

Students also viewed these Accounting questions

Question

What is the cause of this situation?

Answered: 1 week ago

Question

What is the significance or importance of the situation?

Answered: 1 week ago