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Direct Materiale Purchases Budget Lorenzo's Frozen Pens Inc. has determined from its production budget the following estimated production volumes for 12 and 16" frozen pizzas for September Units 12" Pizza 12" Pizza Budgeted production volume 15,000 20,700 Three direct materials are used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 16" Pizza 16" Pizza Direct materials: Dough 0.00 b. per unit Tomato 0.50 Cheese 0.70 In addition. Lorenzo's has determined the following information about each materiali Dough 1.50 b. per unit 0.70 1.30 Tomato 640 lb. 670 lb. Estimated inventory, September 11 Desired inventory, September 30 Price per pound $1.30 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Dough Tomato 190 lb. 180 lb Cheese $2.00 320 lb. 350 lb. $3.30 Cheese Total

Direct Materiale Purchases Budget Lorenzo's Frozen Pens Inc. has determined from its production budget the following estimated production volumes for 12 and 16" frozen pizzas for September Units 12" Pizza 12" Pizza Budgeted production volume 15,000 20,700 Three direct materials are used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 16" Pizza 16" Pizza Direct materials: Dough 0.00 b. per unit Tomato 0.50 Cheese 0.70 In addition. Lorenzo's has determined the following information about each materiali Dough 1.50 b. per unit 0.70 1.30 Tomato 640 lb. 670 lb. Estimated inventory, September 11 Desired inventory, September 30 Price per pound $1.30 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Dough Tomato 190 lb. 180 lb Cheese $2.00 320 lb. 350 lb. $3.30 Cheese Total

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Direct Materials Purchases Budget Lorenzo's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12 and 16" frozen pizzas for September Direct materials: Dough Tomato Budgeted production volume 15,800 20.700 Three direct materials are 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 Cheese Units Estimated inventory, September 1 Desired inventory, September 30 Price per pound 12" Pizza 0.80 b. per unit 0.50 0.70 In addition, Lorenzo's has determined the following information about each materiali Units required for production 16" Pizza Dough 16" Pizza 1.50 lb. per unit 0.70 1.30 640 lb. 670 lb. $1.30 Tomato 190 lb. 180 lb Cheese $2.00 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 220 lb. 350 lb. $3.30 Dough Tomato Cheese Total
Transcribed Image Text:Direct Materials Purchases Budget Lorenzo's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12 and 16" frozen pizzas for September Direct materials: Dough Tomato Budgeted production volume 15,800 20.700 Three direct materials are 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 Cheese Units Estimated inventory, September 1 Desired inventory, September 30 Price per pound 12" Pizza 0.80 b. per unit 0.50 0.70 In addition, Lorenzo's has determined the following information about each materiali Units required for production 16" Pizza Dough 16" Pizza 1.50 lb. per unit 0.70 1.30 640 lb. 670 lb. $1.30 Tomato 190 lb. 180 lb Cheese $2.00 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 220 lb. 350 lb. $3.30 Dough Tomato Cheese Total
Dough Temato Cheese 0.00 lb. per unit 0.50 0.70 In addition, Lorenzo's has determined the following information about each materials Units required for production: 12" pizza 16" pizza Total pounds required 1.50 , per unit 0,70 Total pounds to be purchased Unit price (per pound) Total direct materials to be purchased 1.30 Dough Estimated inventory. September 1 Desired inventory, September 30 Price per pound $1.30 $2.00 $3.30 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 640 lb. Tomato 670 lb. Cheese 190 lb. 180 lb. 320 lb. 350 lb. Dough Tomato Cheese Total 10. A
Transcribed Image Text:Dough Temato Cheese 0.00 lb. per unit 0.50 0.70 In addition, Lorenzo's has determined the following information about each materials Units required for production: 12" pizza 16" pizza Total pounds required 1.50 , per unit 0,70 Total pounds to be purchased Unit price (per pound) Total direct materials to be purchased 1.30 Dough Estimated inventory. September 1 Desired inventory, September 30 Price per pound $1.30 $2.00 $3.30 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 640 lb. Tomato 670 lb. Cheese 190 lb. 180 lb. 320 lb. 350 lb. Dough Tomato Cheese Total 10. A
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