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 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 0.90 lb. per unit 0.60 0.80 Estimated inventory, November 1 Desired inventory, November 30 Price per pound Units required for production: 12" pizza 12" Pizza 16" Pizza 22,700 Units 14,400 In addition, Tobin's has determined the following information about each material: 1.50 lbs. per unit 1.00 1.30 Dough 620 lbs. 650 lbs. 16" Pizza $1.50 Direct Materials Dough Tomato 200 lbs. 190 lbs. $2.10 Cheese 280 lbs. 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. Direct Materials Tomato 310 lbs. Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Direct Materials Cheese $3.20 Total

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 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 0.90 lb. per unit 0.60 0.80 Estimated inventory, November 1 Desired inventory, November 30 Price per pound Units required for production: 12" pizza 12" Pizza 16" Pizza 22,700 Units 14,400 In addition, Tobin's has determined the following information about each material: 1.50 lbs. per unit 1.00 1.30 Dough 620 lbs. 650 lbs. 16" Pizza $1.50 Direct Materials Dough Tomato 200 lbs. 190 lbs. $2.10 Cheese 280 lbs. 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. Direct Materials Tomato 310 lbs. Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Direct Materials Cheese $3.20 Total

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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