**Direct Materials Purchases Budget Planning****Units of Pizzas:**- **12" Pizza** - Budgeted production volume: 16,300 units- **16" Pizza** - Budgeted production volume: 20,600 units**Direct Materials Requirements per Pizza:**- **12" Pizza:** - Dough: 0.60 lbs. per unit - Tomato: 0.30 lbs. per unit - Cheese: 0.50 lbs. per unit- **16" Pizza:** - Dough: 1.00 lb. per unit - Tomato: 0.45 lbs. per unit - Cheese: 0.80 lbs. per unit**Material Inventory Details:**- **Dough:** - Estimated inventory, September 1: 620 lbs. - Desired inventory, September 30: 650 lbs. - Price per pound: $1.50- **Tomato:** - Estimated inventory, September 1: 220 lbs. - Desired inventory, September 30: 210 lbs. - Price per pound: $2.60- **Cheese:** - Estimated inventory, September 1: 270 lbs. - Desired inventory, September 30: 300 lbs. - Price per pound: $3.30**September's Direct Materials Purchases Budget for Your Pie Inc.****Table Explanation:**The table is structured to outline the budget for purchasing direct materials for the month ending September 30. It includes categories for dough, tomato, and cheese, with specific sections for units required for production of both 12" and 16" pizzas, total units to be purchased, unit prices, and the total direct materials cost.The bottom part of the table is intended for the calculation of:- Units required for production- Total units to be purchased- Total cost based on unit price and total units needed for production and inventory adjustments. The information presented aids in preparing an accurate budget for purchasing the necessary materials to meet production demands while maintaining desired inventory levels.

Introduction:- The direct materials purchase budget measures direct materials should be purchased in…

Prepare September's direct materials purchases budget for Your Pie Inc. YOUR PIE INC. Direct Materials Purchases Budget For the Month Ending September 30 Direct Materials: Units required for production: 12" pizza 16" pizza Total Total units to be purchased Unit price Total direct materials to be purchased Dough Tomato Cheese Total

Prepare September's direct materials purchases budget for Your Pie Inc. YOUR PIE INC. Direct Materials Purchases Budget For the Month Ending September 30 Direct Materials: Units required for production: 12" pizza 16" pizza Total Total units to be purchased Unit price Total direct materials to be purchased Dough Tomato Cheese 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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Subject: acounting
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