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 Units 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 Tomato Cheese 0.55 lb. per unit 0.80 lb. per unit 0.25 0.40 0.70 1.20 In addition, Tobin's has determined the following information about each material: Estimated inventory, November 1 Dough 2,300 lbs. Desired inventory, November 30 Price per pound 1,900 lbs. $0.30 Tomato 1,200 lbs. 1,400 lbs. $0.40 Cheese 3,100 lbs. 2,800 lbs. $0.65 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 Tobin's 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. Tobin's Frozen Pizza Inc. Units required for production: 12" pizza 16" pizza Total units available Total units to be purchased Unit price Total direct materials to be purchased Direct Materials Purchases Budget For the Month Ending November 30 Dough Tomato Cheese Total x x $ $