Question
Tobins Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for November: Units 12
Tobins Frozen Pizza Inc. has 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 | 78,000 | 58,000 |
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 | 2,500 | lbs. | 800 | lbs. | 3,000 | lbs. |
Desired inventory, November 30 | 2,200 | lbs. | 1,000 | lbs. | 2,900 | lbs. |
Price per pound | $0.60 | $0.70 | $0.95 |
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 | 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 | |||||
Desired inventory, November 1Desired inventory, November 30Estimated inventory, November 1Estimated inventory, November 30Supervisor salaries | 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 | |||||
Desired inventory, November 1Desired inventory, November 30Estimated inventory, November 1Estimated inventory, November 30Supervisor salaries | 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 | x | $fill in the blank 22 | x | $fill in the blank 23 | x | $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 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started