Question
Lorenzos Frozen Pizza Inc. has determined from its A budget of estimated unit production.production budget the following estimated production volumes for 12'' and 16'' frozen
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Lorenzos Frozen Pizza Inc. has determined from its A budget of estimated unit production.production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for September:
Units 12" Pizza 16" Pizza Budgeted production volume 15,200 20,600
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:
12" Pizza 16" Pizza Direct materials: Dough 0.80 lb. per unit 1.50 lb. per unit Tomato 0.50 0.70 Cheese 0.70 1.30
In addition, Lorenzos has determined the following information about each material:
Dough Tomato Cheese Estimated inventory, September 1 630 lb. 180 lb. 330 lb. Desired inventory, September 30 660 lb. 170 lb. 360 lb. Price per pound $1.00 $2.70 $3.10
Prepare September's direct materials purchases budget for Lorenzos Frozen Pizza Inc. When required, enter unit prices to the nearest cent.
Lorenzos Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Dough Tomato Cheese Total Units required for production: 12" pizza 16" pizza Plus estimated inventory, September 1 - Less desired inventory, September 1
- Less desired inventory, September 30
- Plus desired inventory, September 1
- Plus desired inventory, September 30
- Plus estimated inventory, September 1
- Plus estimated inventory, September 30
Total pounds required - Less desired inventory, September 1
- Less desired inventory, September 30
- Less estimated inventory, September 1
- Less estimated inventory, September 30
- Plus estimated inventory, September 1
- Plus estimated inventory, September 30
Total units to be purchased Unit price x $ x $ x $ Total direct materials to be purchased $ $ $ $
Lorenzos Frozen Pizza Inc. has determined from its A budget of estimated unit production.production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for September:
Units | ||||
12" Pizza | 16" Pizza | |||
Budgeted production volume | 15,200 | 20,600 |
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:
12" Pizza | 16" Pizza | ||||
Direct materials: | |||||
Dough | 0.80 | lb. per unit | 1.50 | lb. per unit | |
Tomato | 0.50 | 0.70 | |||
Cheese | 0.70 | 1.30 |
In addition, Lorenzos has determined the following information about each material:
Dough | Tomato | Cheese | ||||
Estimated inventory, September 1 | 630 | lb. | 180 | lb. | 330 | lb. |
Desired inventory, September 30 | 660 | lb. | 170 | lb. | 360 | lb. |
Price per pound | $1.00 | $2.70 | $3.10 |
Prepare September's direct materials purchases budget for Lorenzos Frozen Pizza Inc. When required, enter unit prices to the nearest cent.
Lorenzos Frozen Pizza Inc. | ||||
Direct Materials Purchases Budget | ||||
For the Month Ending September 30 | ||||
Dough | Tomato | Cheese | Total | |
Units required for production: | ||||
12" pizza | ||||
16" pizza | ||||
Plus estimated inventory, September 1
| ||||
Total pounds required | ||||
| ||||
Total units to be purchased | ||||
Unit price | x $ | x $ | x $ | |
Total direct materials to be purchased | $ | $ | $ | $ |
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