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obins Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for November: Line Item
obins Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for November: Line Item Description Units 12" Pizza Units 16" Pizza Budgeted production volume 82,000 62,000 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: Line Item Description 12" Pizza 16" Pizza Direct materials: Dough 0.55 lb. per unit 0.80 lb. per unit Tomato 0.25 0.40 Cheese 0.70 1.20 In addition, Tobin's has determined the following information about each material: Line Item Description Dough Tomato Cheese Estimated inventory, November 1 2,500 lbs. 800 lbs. 3,100 lbs. Desired inventory, November 30 2,200 lbs. 1,500 lbs. 2,700 lbs. Price per pound $0.50 $0.60 $0.85 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 Line Item Description Dough Tomato Cheese Total Units required for production: 12" pizza fill in the blank 2 fill in the blank 3 fill in the blank 4 16" pizza fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 9 fill in the blank 10 fill in the blank 11 Total units available fill in the blank 12 fill in the blank 13 fill in the blank 14 fill in the blank 16 fill in the blank 17 fill in the blank 18 Total units to be purchased fill in the blank 19 fill in the blank 20 fill in the blank 21 Unit price $fill in the blank 22 $fill in the blank 23 $fill in the blank 24 Total direct materials to be purchased $fill in the blank 25 $fill in the blank 26 $fill in the blank 27 $fill in the blank 28
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