Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please only do if you can do all. 1 2 Romano's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes

please only do if you can do all.
1 image text in transcribed
image text in transcribed
2
image text in transcribed
Romano's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Units 12" Pizza 16" Pizza > Budgeted production volume 16,200 25,500 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 0.90 lb. per unit 1.50 lbs. per unit Tomato 0.60 1.00 Cheese 0.80 1.30 In addition, Romano's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 610 lbs 230 lbs. 330 lbs. Desired inventory, September 30 640 lbs 220 lbs. 360 lbs. Price per pound $1.10 $2.20 $3.00 Prepare September's direct materials purchases budget for Romano's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Estimated Inventory, September 1 610 lbs. 230 lbs. 330 lbs Desired inventory, September 30 640 lbs. 220 lbs. 360 lbs. Price per pound $1.10 $2.20 $3.00 Prepare September's direct materials purchases budget for Romano's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Romano's 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 Desired inventory, September 30 Total units available Estimated inventory, September 1 Total units to be purchased Unit Price X $ Total direct materials to be purchased Anticipated sales for Safety Grip Company were 65,000 passenger car tires and 20,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: Passenger Car Truck Rubber 29 lbs. per unit 68 lbs. per unit Steel belts 4 lbs. per unit 10 lbs. per unit The purchase prices of rubber and steel are $3.7 and $4.8 per pound, respectively. The desired ending inventories of rubber and steel belts are 61,000 and 13,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 72,000 and 11,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2049. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2019 Rubber Steel Belts Total Pounds required for production: Passenger tires Ibs. lbs. Truck tires Desired inventory, December 31, 2049 Total pounds available lbs. lbs. Estimated inventory, January 1, 2019 Total units purchased Ibs. lbs. Unit price X 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 with AI-Powered 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

Students also viewed these Accounting questions