Ginos Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12
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Gino’s Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12†and 16†frozen pizzas for June 2013:
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:
In addition, Gino’s has determined the following information about each material:
Prepare June’s direct materials purchases budget for Gino’s Frozen PizzaInc.
Transcribed Image Text:
Units 12" Pizza 16" Pizza Budgeted production volume 18,000 30,000 12" Pizza 16" Pizza Direct materials: Dough Tomato Cheese 0.75 lb. per unit 0.40 0.60 1.00 lb. per unit 0.80 1.10 Dough Cheese Estimated inventory, June 1, 2012 4,000 lbs. 3,000 lbs.3,400 lbs $3.00 Tomato 5,500 lbs. 3,500 lbs4,000 lbs Desired inventory, June 30, 2012 Price per pound $0.90 $1.20
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