Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 80,000 60,000 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. 1,100 lbs. 2,900 lbs. Desired inventory, November 30 1,900 lbs. 1,100 lbs. 3,000 lbs. Price per pound $0.50 $0.60 $0.85 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet 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 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 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