**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 | 12,900 | 23,700 |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 | 12" Pizza | 16" Pizza ||------------------|-----------|-----------|| Dough | 0.90 lb. per unit | 1.50 lbs. per unit || Tomato | 0.60 lb. per unit | 1.00 lb. per unit || Cheese | 0.80 lb. per unit | 1.30 lbs. per unit |In addition, Romano’s has determined the following information about each material:| | Dough | Tomato | Cheese ||---------------------|-------|--------|--------|| Estimated inventory, September 1 | 550 lbs. | 240 lbs. | 330 lbs. || Desired inventory, September 30 | 850 lbs. | 230 lbs. | 360 lbs. || Price per pound | $1.50 | $2.80 | $3.20 |**Instructions:**Prepare September's direct materials purchases budget for Romano’s Frozen Pizza Inc. For boxes in which you must enter subtracted or negative numbers, use a minus sign.**Romano’s Frozen Pizza Inc.****Direct Materials Purchases Budget**For the Month Ending September 30| Units required for production: | Dough | Tomato | Cheese | Total ||-------------------------------|-------|--------|--------|-------|| 12" pizza | | | | |*Please fill in the required amounts based on the above data.* **Romano’s Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30**| | Dough | Tomato | Cheese | Total ||---------------------|-------|--------|--------|-------|| **Units required for production:** | | | | || 12" pizza | | | | || 16" pizza | | | | || | | | | || Total units available | | | | || | | | | || **Total units to be purchased** | | | | || **Unit Price** | x $ | x $ | x $ | || **Total direct materials to be purchased** | $ | $ | $ | $ |This table is a template for preparing the direct materials purchases budget. It includes input fields for calculating the amount of dough, tomato, and cheese required for 12" and 16" pizzas, as well as fields for unit prices and total costs. Users input data to determine the total direct materials needed for the month.

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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 12,900 23,700 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, Romano's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 550 Ibs. 240 lbs. 330 Ibs. Desired inventory, September 30 580 Ibs. 230 Ibs. 360 lbs. Price per pound $1.50 $2.80 $3.20 Prepare September's direct materials purchases budget for Romano's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use. minus sign. Romano's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Dough Tomato Cheese Total Units required for production: 12" pizza

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 12,900 23,700 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, Romano's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 550 Ibs. 240 lbs. 330 Ibs. Desired inventory, September 30 580 Ibs. 230 Ibs. 360 lbs. Price per pound $1.50 $2.80 $3.20 Prepare September's direct materials purchases budget for Romano's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use. minus sign. Romano's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Dough Tomato Cheese Total Units required for production: 12" pizza

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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