Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November:Direct materials:DoughTomatoBudgeted production volume13,10022,600There 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" Pizza0.90 lb. per unit0.600.80Units12" PizzaEstimated inventory, November 1Desired inventory, November 30Price per pound16" PizzaCheeseIn addition, Tobin's has determined the following information about each material:Dough$1.301.50 lbs. per unit1.001.30590 lbs.620 lbs.16" PizzaTomato190 lbs.180 lbs.$2.70Cheese330 lbs.360 lbs.$3.40 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 minussign.Units required for production:12" pizza16" pizzaTotal units availableTotal units to be purchasedUnit PriceTotal direct materials to be purchasedTobin's Frozen Pizza Inc.Direct Materials Purchases BudgetFor the Month Ending November 30Direct MaterialsDoughDirect Materials Direct MaterialsTomatooooooooloc00000CheeseDO▬▬▬▬QQLATotal

Direct material budget: It is the budget prepared by a company to estimate the requirement of…

Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November: 16" Pizza Budgeted production volume 13,100 22,600 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 0.90 lb. per unit 0.60 0.80 Units Direct materials: Dough Tomato Cheese In addition, Tobin's has determined the following information about each material: Cheese Estimated inventory, November 1 Desired inventory, November 30 Price per pound 12" Pizza 1.50 lbs. per unit 1.00 1.30 Dough 590 lbs. 620 lbs. $1.30 Tomato 190 lbs. 180 lbs. $2.70 +3 330 lbs. 360 lbs.

Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November: 16" Pizza Budgeted production volume 13,100 22,600 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 0.90 lb. per unit 0.60 0.80 Units Direct materials: Dough Tomato Cheese In addition, Tobin's has determined the following information about each material: Cheese Estimated inventory, November 1 Desired inventory, November 30 Price per pound 12" Pizza 1.50 lbs. per unit 1.00 1.30 Dough 590 lbs. 620 lbs. $1.30 Tomato 190 lbs. 180 lbs. $2.70 +3 330 lbs. 360 lbs.

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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