Direct Materials Purchases Budget 1. Lorenzo's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for 2. September: 3. Units 12" Pizza 16" Pizza Budgeted production volume 13,600 26,700 5. 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 16" Pizza 6. Direct materials: Dough 0.80 lb. per unit 1.50 lb. per unit Tomato 0.50 0.70 8. Cheese 0.70 1.30 In addition, Lorenzo's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 540 lb. 200 lb. 270 lb. Desired inventory, September 30 570 lb. 190 lb. 300 lb. Price per pound $1.40 $2.80 $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 Piza Inc. Progress: 7/8 items Check My Work 3 more Check My Work uses remaining. Previous Next

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Chapter 22 Work
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Show Me How
In addition, Lorenzo's has determined the following information about each material:
Dough
Tomato
Cheese
2.
Estimated inventory, September 1
540 lb.
200 lb.
270 lb.
Desired inventory, September 30
570 lb.
190 lb.
300 lb.
3.
Price per pound
$1.40
$2.80
$3.30
Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent.
Lorenzo's Frozen Pizza Inc.
5.
Direct Materials Purchases Budget
For the Month Ending September 30
6.
Dough
Tomato
Cheese
Total
7.
Units required for production:
12" pizza
8.
16" pizza
Total pounds required
Total units to be purchased
Unit price
X S$
Total direct materials to be purchased
Previous
Next
Check My Work 3 more Check My Work uses remaining.
Progress: 7/8 items
8:16 A
Transcribed Image Text:Chapter 22 Work eBook Show Me How In addition, Lorenzo's has determined the following information about each material: Dough Tomato Cheese 2. Estimated inventory, September 1 540 lb. 200 lb. 270 lb. Desired inventory, September 30 570 lb. 190 lb. 300 lb. 3. Price per pound $1.40 $2.80 $3.30 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. 5. Direct Materials Purchases Budget For the Month Ending September 30 6. Dough Tomato Cheese Total 7. Units required for production: 12" pizza 8. 16" pizza Total pounds required Total units to be purchased Unit price X S$ Total direct materials to be purchased Previous Next Check My Work 3 more Check My Work uses remaining. Progress: 7/8 items 8:16 A
4.
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:
Units
3.
12" Pizza
16" Pizza
Budgeted production volume
13,600
26,700
5.
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
16" Pizza
6.
Direct materials:
7.
Dough
0.80 lb. per unit
1.50 lb. per unit
Tomato
0.50
0.70
Cheese
0.70
1.30
In addition, Lorenzo's has determined the following information about each material:
Dough
Tomato
Cheese
Estimated inventory, September 1
540 lb.
200 lb.
270 lb.
Desired inventory, September 30
570 lb.
190 lb.
300 lb.
Price per pound
$1.40
$2.80
$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.
Check My Work 3 more Check My Work uses remaining.
Previous
Next
Progress: 7/8 items
816 AM
P Type here to search
99+
4/22/202
Transcribed Image Text:4. 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: Units 3. 12" Pizza 16" Pizza Budgeted production volume 13,600 26,700 5. 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 16" Pizza 6. Direct materials: 7. Dough 0.80 lb. per unit 1.50 lb. per unit Tomato 0.50 0.70 Cheese 0.70 1.30 In addition, Lorenzo's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 540 lb. 200 lb. 270 lb. Desired inventory, September 30 570 lb. 190 lb. 300 lb. Price per pound $1.40 $2.80 $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. Check My Work 3 more Check My Work uses remaining. Previous Next Progress: 7/8 items 816 AM P Type here to search 99+ 4/22/202
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