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: Units 12" Pizza 16" Pizza Budgeted production volume 13,700 25,400 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 Ibs. per unit Tomato 0.60 1.00 Cheese 0.80 1.30 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 540 Ibs. 220 Ibs. 270 Ibs. Desired inventory, November 30 570 Ibs. 210 Ibs. 300 Ibs. Price per pound $1.50 $2.20 $3.00 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 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: Units 12" Pizza 16" Pizza Budgeted production volume 13,700 25,400 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 Ibs. per unit Tomato 0.60 1.00 Cheese 0.80 1.30 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 540 Ibs. 220 Ibs. 270 Ibs. Desired inventory, November 30 570 Ibs. 210 Ibs. 300 Ibs. Price per pound $1.50 $2.20 $3.00 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Tobin's Frozen Pizza Inc.
Direct Materials Purchases Budget
For the Month Ending November 30
Direct Materials
Direct Materials
Direct Materials
Dough
Tomato
Cheese
Total
Units required for production:
12" pizza
12,330
8,220
10,960
16" pizza
38,100
25,400
33,020
Desired inventory, November 30
570
210
300
Total units available
51,000 V
33,830
44,280
Estimated inventory, November 1
540
220
270
Total units to be purchased
Unit Price
Total direct materials to be purchased
Transcribed Image Text: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:
Units
12" Pizza
16" Pizza
Budgeted production volume
13,700
25,400
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 Ibs. per unit
Tomato
0.60
1.00
Cheese
0.80
1.30
In addition, Tobin's has determined the following information about each material:
Dough
Tomato
Cheese
Estimated inventory, November 1
540 Ibs.
220 Ibs.
270 Ibs.
Desired inventory, November 30
570 Ibs.
210 Ibs.
300 Ibs.
Price per pound
$1.50
$2.20
$3.00
Prepare November's direct materials purchases budget for Tobin's Frozen Pizza Inc. For those boxes in which you must enter subtracted or
neative numbers use a minus sian.
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