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: Units 12" 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 Estimated inventory, November 1 Desired inventory, November 30 Price per pound Dough 0.90 lb. per unit Tomato 0.60 Cheese 0.80 In addition, Tobin's has determined the following information about each material: Cheese 16" Pizza 1.50 lbs. per unit 1.00 1.30 Dough 590 lbs. 620 lbs. $1.30 Tomato 190 lbs. 180 lbs. $2.70 330 lbs. 360 lbs. $3.40

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: Units 12" 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 Estimated inventory, November 1 Desired inventory, November 30 Price per pound Dough 0.90 lb. per unit Tomato 0.60 Cheese 0.80 In addition, Tobin's has determined the following information about each material: Cheese 16" Pizza 1.50 lbs. per unit 1.00 1.30 Dough 590 lbs. 620 lbs. $1.30 Tomato 190 lbs. 180 lbs. $2.70 330 lbs. 360 lbs. $3.40

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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