: CengageNOWv2 | Online teachin xc, Get Homework Help With Chegg x +A v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseM GmailOYouTube MapsBlackboardHW #10 - Chpt 22еВookShow Me HowE Print ItemDirect Materials Purchases BudgetLorenzo's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September:Units12" Pizza16" PizzaBudgeted production volume15,00023,300Three 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" Pizza16" PizzaDirect materials:Dough0.80 Ib. per unit1.50 Ib. per unitTomato0.500.70Cheese0.701.30>In addition, Lorenzo's has determined the following information about each material:DoughTomatoCheeseEstimated inventory, September 1560 Ib.220 Ib.360 Ib.Desired inventory, September 30590 Ib.210 Ib.390 Ib.Price per pound$1.50$2.10$3.30Prepare 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 BudgetFor the Month Endina September 3058°F11:53 PMW^O ENGClear4/19/2022 : CengageNOWv2 | Online teachin xC Get Homework Help With Chegg x +A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseM GmailYouTube MapsBlackboardHW #10 - Chpt 221 eBookShow Me HowE Print ItemIn addition, Lorenzo's has determined the following information about each material:DoughTomatoCheeseEstimated inventory, September 1560 Ib.220 Ib.360 lb.Desired inventory, September 30590 Ib.210 lb.390 Ib.Price per pound$1.50$2.10$3.30Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent.Lorenzo's Frozen Pizza Inc.Direct Materials Purchases BudgetFor the Month Ending September 30DoughTomatoCheeseTotalUnits required for production:12" pizza>16" pizzaTotal pounds requiredTotal pounds to be purchasedOneDriveUnit price (per pound)x$Screenshot savedTotal direct materials to be purchasedThe screenshot was added to yourOneDrive.58°F11:53 PMWENGClear4/19/2022

Raw Material required for production = Raw material required per unit * Units produced Raw material…

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 12" Pizza 16" Pizza Budgeted production volume 15,000 23,300 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 Direct materials: Dough 0.80 Ib. per unit 1.50 Ib. 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 1 560 Ib. 220 Ib. 360 Ib. Desired inventory, September 30 590 Ib. 210 Ib. 390 Ib. Price per pound $1.50 $2.10 $3.30 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent.

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 12" Pizza 16" Pizza Budgeted production volume 15,000 23,300 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 Direct materials: Dough 0.80 Ib. per unit 1.50 Ib. 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 1 560 Ib. 220 Ib. 360 Ib. Desired inventory, September 30 590 Ib. 210 Ib. 390 Ib. Price per pound $1.50 $2.10 $3.30 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent.

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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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…
Direct Materials Purchases Budget Romano’s Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for September: Units 12" Pizza 16" Pizza Budgeted production volume 15,100 23,200 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 0.90 lb. per unit 1.50 lbs. per unit Tomato 0.60 1.00 Cheese 0.80 1.30 In addition, Romano's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 630 lbs. 200 lbs. 330 lbs. Desired inventory, September 30 660 lbs. 190 lbs. 360 lbs. Price per pound $1.50 $2.40 $3.20 Prepare September's direct materials purchases budget for Romano’s Frozen Pizza Inc. For those boxes in which you must enter subtracted…
Direct Materials Purchases Budget Soda Bottling Enterprises is the largest bottler in Western Europe. The company purchases Brand 1 and Brand 2 concentrate from The Soda Company, dilutes and mixes the concentrate with carbonated water, and then fills the blended beverage into cans or plastic two-liter bottles. Assume that the estimated production for Brand 1 and Brand 2 two-liter bottles at the Wakefield, UK, bottling plant are as follows for the month of October: Brand 1 22,000 two-liter bottles Brand 2 17,000 two-liter bottles In addition, assume that the concentrate costs $85 per pound for both Brand 1 and Brand 2. The concentrate is used at a rate of 0.15 pound per 100 liters of carbonated water in blending Brand 1 and at a rate of 0.10 pound per 100 liters of carbonated water in blending Brand 2. Assume that two-liter bottles cost $0.07 per bottle and carbonated water costs $0.05 per liter. Prepare a direct materials purchases budget for October, assuming no changes between…
Direct materials purchases budget Anticipated sales for Safety Grip Company were 62,000 passenger car tires and 19,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car 25 lbs. per unit 58 lbs. per unit 6 lbs. per unit 15 lbs. per unit The purchase prices of rubber and steel are $3.30 and $4.30 per pound, respectively. The desired ending inventories of rubber and steel belts are 58,000 and 13, pounds, respectively. The estimated beginning inventories for rubber and steel belts are 68,000 and 10,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9. Rubber Steel belts Truck
Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 58,000 passenger car tires and 17,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 29 Ibs. per unit 68 Ibs. per unit Steel belts 7 Ibs. per unit 18 Ibs. per unit The purchase prices of rubber and steel are $3.10 and $4.10 per pound, respectively. The desired ending inventories of rubber and steel belts are 55,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 64,000 and 9,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Rubber Steel Belts Total Pounds required for production: Passenger tires 1,682,000 V Ibs. 3,944,000 X Ibs. Truck tires 119,000 X 306,000 Desired inventory, December 31, 20Y9 V 55,000 V…
Direct materials purchases budget Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November: Budgeted production volume Units 12" Pizza Units 16" Pizza 13,200 22,800 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: Direct materials: Dough Tomato Cheese 12" Pizza 16" Pizza 0.90 lb. per unit 1.50 lb. per unit 0.60 1.00 0.80 1.30 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 570 lbs. 160 lbs. 310 lbs. Desired inventory, November 30 Price per pound 600 lbs. $1.40 160 lbs. 340 lbs. $2.80 $3.10 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. Tobin's Frozen Pizza Inc. Direct…
7. Question Content Area Direct Materials Purchases Budget: Direct Labor Budget Crescent Company produces stuffed toy animals; one of these is “Arabeau the Cow.” Each Arabeau takes 0.20 yard of fabric (white with irregular black splotches) and 10 ounces of polyfiberfill. Fabric costs $3.40 per yard and polyfiberfill is $0.05 per ounce. Crescent has budgeted production of Arabeaus for the next four months as follows: Units October 41,000 November 80,000 December 60,000 January 40,000 Inventory policy requires that sufficient fabric be in ending monthly inventory to satisfy 20 percent of the following month’s production needs and sufficient polyfiberfill be in inventory to satisfy 40 percent of the following month’s production needs. Inventory of fabric and polyfiberfill at the beginning of October equals exactly the amount needed to satisfy the inventory policy. Each Arabeau produced requires (on average) 0.10 direct labor hour. The average cost of direct labor is $15…
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 12" Pizza 16" Pizza Budgeted production volume 14,600 23,400 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 Direct materials: 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 1 580 lb. 220 lb. 280 lb. Desired inventory, September 30 610 lb. 210 lb. 310 lb. Price per pound $1.10 $2.30 $3.40 Prepare September's direct materials purchases budget for Lorenzo’s Frozen Pizza Inc. When required, enter unit prices to the nearest cent.…
Direct Materials Purchases Budget Zippy's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for September: Units 12" Pizza 16" Pizza Budgeted production volume 14,900 25,000 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 0.60 lb. per unit 1.00 lb. per unit Tomato 0.30 0.45 Cheese 0.50 0.80 In addition, Zippy's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 560 lbs. 200 lbs. 330 lbs. Desired inventory, September 30 590 lbs. 190 lbs. 360 lbs. Price per pound $1.30 $2.20 $3.20 Prepare September's direct materials purchases budget for Zippy's Frozen Pizza Inc. ZIPPY’S FROZEN PIZZA INC. Direct Materials Purchases…