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 12
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 | ||||
12" Pizza | 16" Pizza | |||
Budgeted production volume | 70,000 | 50,000 |
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 | 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:
Dough | Tomato | Cheese | ||||
Estimated inventory, November 1 | 2,500 | lbs. | 1,000 | lbs. | 3,000 | lbs. |
Desired inventory, November 30 | 2,000 | lbs. | 1,200 | lbs. | 2,800 | lbs. |
Price per pound | $0.50 | $0.60 | $0.85 |
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.
Direct Materials | Direct Materials | Direct Materials | ||
Dough | Tomato | Cheese | Total | |
Units required for production: | ||||
12" pizza | fill in the blank 1 | fill in the blank 2 | fill in the blank 3 | |
16" pizza | fill in the blank 4 | fill in the blank 5 | fill in the blank 6 | |
Desired inventory, November 1Desired inventory, November 30Estimated inventory, November 1Estimated inventory, November 30Supervisor salaries | - Select - | - Select - | - Select - | |
Total units available | fill in the blank 11 | fill in the blank 12 | fill in the blank 13 | |
Desired inventory, November 1Desired inventory, November 30Estimated inventory, November 1Estimated inventory, November 30Supervisor salaries | - Select - | - Select - | - Select - | |
Total units to be purchased | fill in the blank 18 | fill in the blank 19 | fill in the blank 20 | |
Unit Price | x $fill in the blank 21 | x $fill in the blank 22 | x $fill in the blank 23 | |
Total direct materials to be purchased | $fill in the blank 24 | $fill in the blank 25 | $fill in the blank 26 | $fill in the blank 27 |
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