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" Pizza16" PizzaBudgeted production volume73,000 53,000 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" Pizza16" PizzaDirect materials: Dough0.55lb. per unit0.80lbs. per unit Tomato0.25 0.40 Cheese0.70 1.20 In addition, Tobin’s has determined the following information about each material: DoughTomatoCheeseEstimated inventory, November 12,500lbs.1,100lbs.3,000lbs.Desired inventory, November 302,000lbs.1,300lbs.2,600lbs.Price per pound$0.30 $0.40 $0.65 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. Round your final answers to the nearest dollar. Direct materials purchases budgetTobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November:Units12" Pizza16" PizzaBudgeted production volume73,00053,000There 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" Pizza16" PizzaDirect materials:Dough0.55 Ib. per unit0.80 Ibs. per unitTomato0.250.40Cheese0.701.20In addition, Tobin's has determined the following information about each material:DoughTomatoCheeseEstimated inventory, November 12,500 Ibs.1,100 Ibs.3,000 Ibs.Desired inventory, November 302,000 Ibs.1,300 Ibs.2,600 Ibs.Price per pound$0.30$0.40$0.65This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question belowXOpen spreadsheetPrepare 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 minusign. Round your final answers to the nearest dollar. Desired inventory, November 302,000 Ibs.1,300 Ibs.2,600 Ibs.Price per pound$0.30$0.40$0.65This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.Open spreadsheetPrepare November's direct materials purchases budget for Tobin's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minussign. Round your final answers to the nearest dollar.Tobin's Frozen Pizza Inc.Direct Materials Purchases BudgetFor the Month Ending November 30DoughTomatoCheeseTotalUnits required for production:12" pizza16" pizzaTotal units availableTotal units to be purchasedUnit priceTotal direct materials to be purchased$

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Description: 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" Pizza16" PizzaBudgeted production volume73,000 53,000 There are three direct materi

The budget is prepared to estimate the purchases of raw materials, units to be produced or sales…

Answered: obin's Frozen Pizza Inc. has determined…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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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	73,000		53,000

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	0.55	lb. per unit	0.80	lbs. per unit
	Tomato	0.25		0.40
	Cheese	0.70		1.20

In addition, Tobin’s has determined the following information about each material:

	Dough	Tomato	Cheese
Estimated inventory, November 1	2,500	lbs.	1,100	lbs.	3,000	lbs.
Desired inventory, November 30	2,000	lbs.	1,300	lbs.	2,600	lbs.
Price per pound	$0.30		$0.40		$0.65

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. Round your final answers to the nearest dollar.

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
73,000
53,000
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
0.55 Ib. per unit
0.80 Ibs. per unit
Tomato
0.25
0.40
Cheese
0.70
1.20
In addition, Tobin's has determined the following information about each material:
Dough
Tomato
Cheese
Estimated inventory, November 1
2,500 Ibs.
1,100 Ibs.
3,000 Ibs.
Desired inventory, November 30
2,000 Ibs.
1,300 Ibs.
2,600 Ibs.
Price per pound
$0.30
$0.40
$0.65
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below
X
Open spreadsheet
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 minu
sign. Round your final answers to the nearest dollar.

Desired inventory, November 30
2,000 Ibs.
1,300 Ibs.
2,600 Ibs.
Price per pound
$0.30
$0.40
$0.65
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.
Open spreadsheet
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. Round your final answers to the nearest dollar.
Tobin's Frozen Pizza Inc.
Direct Materials Purchases Budget
For the Month Ending November 30
Dough
Tomato
Cheese
Total
Units required for production:
12" pizza
16" pizza
Total units available
Total units to be purchased
Unit price
Total direct materials to be purchased
$

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