DATA

$\backslash$table$[[12"$ Pizza,$16"$ Pizza,$],[$Budgeted production volume, units,$65,000,45,000]]$

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:

$\backslash$table$[[,12"$ Pizza,$16"$ Pizza$],[$Direct materials:,,$],[$Dough$,0\mathrm{.}55$ lb $.$ per unit,$0\mathrm{.}80$ lbs$.$ per unit$],[$Tomato$,0\mathrm{.}25,0\mathrm{.}40],[$Cheese$,0\mathrm{.}70,1\mathrm{.}20]]$

In addition, Tobin's has determined the following information about each material:

$\backslash$table$[[,$Dough,Tomato,Cheese$],[$Estimated inventory, November $1,2500$ lbs$,1000$ lbs$.,3300$ lbs$.],[$Desired inventory, November $30,1800$ lbs$,1300$ lbs$.,2800$ lbs$.],[$Price per pound,$$0\mathrm{.}30,$$$0\mathrm{.}40,$$$0\mathrm{.}65$