Question
obins 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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obins 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 November:
Units 12" Pizza 16" Pizza Budgeted production volume 71,000 51,000
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, Tobins has determined the following information about each material:
Dough Tomato Cheese Estimated inventory, November 1 2,400 lbs. 900 lbs. 3,100 lbs. Desired inventory, November 30 1,900 lbs. 1,400 lbs. 2,500 lbs. Price per pound $0.70 $0.80 $1.05
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.
Open spreadsheet
Prepare November's direct materials purchases budget for Tobins 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.
Tobins 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 1
- Desired inventory, November 30
- Estimated inventory, November 1
- Estimated inventory, November 30
- Supervisor salaries
Total units available - Desired inventory, November 1
- Desired inventory, November 30
- Estimated inventory, November 1
- Estimated inventory, November 30
- Supervisor salaries
Total units to be purchased Unit price x $ x $ x $ Total direct materials to be purchased $ $ $ $
Prepare November's direct materials purchases budget for Tobins Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Tobins 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 Total units available Total units to be purchased Unit price x $ x $ x $ Total direct materials to be purchased $ $ $ $
Dough required for a 12" pizza = 71,000 units 0.55 lb. per unit = 39,050 lbs.
Tomato required for a 12" pizza = 71,000 units 0.25 lb. per unit = 17,750 lbs.
Cheese required for a 12" pizza = 71,000 units 0.70 lb. per unit = 49,700 lbs.
Dough required for a 16" pizza = 51,000 units 0.80 lbs. per unit = 40,800 lbs.
Tomato required for a 16" pizza = 51,000 units 0.40 lbs. per unit = 20,400 lbs.
Cheese required for a 16" pizza = 51,000 units 1.20 lbs. per unit = 61,200 lbs.
Tobins Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Dough Tomato Cheese Total Units required for production: 12" pizza 39,050 17,750 49,700 16" pizza 40,800 20,400 61,200 Desired inventory, November 30 1,900 1,400 2,500 Total units available 81,750 39,550 113,400 Estimated inventory, November 1 (2,400) (900) (3,100) Total units to be purchased 79,350 38,650 110,300 Unit price x $0.70 x $0.80 x $1.05 Total direct materials to be purchased $55,545 $30,920 $115,815 $202,280
obins 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 November:
Units | ||||
12" Pizza | 16" Pizza | |||
Budgeted production volume | 71,000 | 51,000 |
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, Tobins has determined the following information about each material:
Dough | Tomato | Cheese | ||||
Estimated inventory, November 1 | 2,400 | lbs. | 900 | lbs. | 3,100 | lbs. |
Desired inventory, November 30 | 1,900 | lbs. | 1,400 | lbs. | 2,500 | lbs. |
Price per pound | $0.70 | $0.80 | $1.05 |
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.
Open spreadsheet
Prepare November's direct materials purchases budget for Tobins 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.
Tobins 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 | ||||||||
| ||||||||
Total units available | ||||||||
| ||||||||
Total units to be purchased | ||||||||
Unit price | x | $ | x | $ | x | $ | ||
Total direct materials to be purchased | $ | $ | $ | $ |
Prepare November's direct materials purchases budget for Tobins Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Tobins 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 | ||||||||
Total units available | ||||||||
Total units to be purchased | ||||||||
Unit price | x | $ | x | $ | x | $ | ||
Total direct materials to be purchased | $ | $ | $ | $ |
Dough required for a 12" pizza = 71,000 units 0.55 lb. per unit = 39,050 lbs.
Tomato required for a 12" pizza = 71,000 units 0.25 lb. per unit = 17,750 lbs.
Cheese required for a 12" pizza = 71,000 units 0.70 lb. per unit = 49,700 lbs.
Dough required for a 16" pizza = 51,000 units 0.80 lbs. per unit = 40,800 lbs.
Tomato required for a 16" pizza = 51,000 units 0.40 lbs. per unit = 20,400 lbs.
Cheese required for a 16" pizza = 51,000 units 1.20 lbs. per unit = 61,200 lbs.
Tobins Frozen Pizza Inc. | ||||||||
Direct Materials Purchases Budget | ||||||||
For the Month Ending November 30 | ||||||||
Dough | Tomato | Cheese | Total | |||||
Units required for production: | ||||||||
12" pizza | 39,050 | 17,750 | 49,700 | |||||
16" pizza | 40,800 | 20,400 | 61,200 | |||||
Desired inventory, November 30 | 1,900 | 1,400 | 2,500 | |||||
Total units available | 81,750 | 39,550 | 113,400 | |||||
Estimated inventory, November 1 | (2,400) | (900) | (3,100) | |||||
Total units to be purchased | 79,350 | 38,650 | 110,300 | |||||
Unit price | x | $0.70 | x | $0.80 | x | $1.05 | ||
Total direct materials to be purchased | $55,545 | $30,920 | $115,815 | $202,280 |
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