Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Print Item eBook 4 Show Me How Direct Materials Purchases Budget Tobin's Frozen Pizza Inc hos determined from its production budget the following estimated production

image text in transcribed
image text in transcribed
Print Item eBook 4 Show Me How Direct Materials Purchases Budget Tobin's Frozen Pizza Inc hos 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 12,900 25,700 There are three direct materials used in producing the two types of plaza, 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 0.60 1.30 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 560 lbs 240 lbs 330 lbs Desired inventory, November 30 590 lbs 230 lbs 360 lbs Price per pound $1.40 $2.70 $3.00 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 Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Direct Materials Direct Materials Direct Materials eBook 4 Show Me How Print Item Tomato 10.60 1.00 Cheese 0.80 1.30 In addition, Tobin's has determined the following information about each materiali Dough Tomato Cheese Estimated inventory, November 1 560 lbs 240 lbs 330 lbs. Desired inventory, November 30 590 lbs. 230 lbs 360 lbs. Price per pound $1.40 $2.70 $3.00 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 Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Direct Materials Direct Materials Direct Materials Dough Tomato Cheese Total Units required for production: 12" pizza 16" pizza Total units available Doopanna 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 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

Recommended Textbook for

Managerial Accounting Tools For Business Decision Making

Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell

9th Edition

9781119754053

Students also viewed these Accounting questions