Question
Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12 and 16 frozen pizzas for November: Units Budgeted
Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November: Units Budgeted production volume 12" Pizza 16" Pizza 14,300 21,500 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: Direct materials: 12" Pizza 16" Pizza Dough 0.90 lb. per unit 1.50 lbs. per unit Tomato Cheese 0.60 0.80 1.00 1.30 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 520 lbs. Desired inventory, November 30 550 lbs. Price per pound $1.20 210 lbs. 200 lbs. $2.80 340 lbs. 370 lbs. $3.20 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. Units required for production: 12" pizza 16" pizza Desired inventory, November 30 Total units available Estimated inventory, November 1 Total units to be purchased Unit Price Total direct materials to be purchased Feedback Dough Direct Materials Purchases Budget For the Month Ending November 30 Direct Materials Direct Materials Tomato Direct Materials Cheese Total x
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