Dominick Inc. has determined from its production budget the following estimated production volumes for 12 and...
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Dominick Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Units 12" Pizza Units 16" Pizza 13,400 22,700 Budgeted production volume 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 Tomato < Cheese 0.65 lb. per unit 1.05 lb. per unit 0.35 0.50 0.55 0.85 In addition, Dominick Inc. has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 640 lbs. 190 lbs. 340 lbs. Desired inventory, September 30 670 lbs. 180 lbs. 370 lbs. Price per pound $1.50 $2.40 $3.40 Prepare September's direct materials purchases budget for Dominick Inc. Round final figures to nearest whole dollar. DOMINICK INC. Direct Materials Purchases Budget For the Month Ending September 30 Direct Materials: Dough Tomato Cheese Total Units (lbs.) required for production: 12" pizza 16" pizza Total Total pounds to be purchased Unit price (per lb.) Dominick Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Units 12" Pizza Units 16" Pizza 13,400 22,700 Budgeted production volume 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 Tomato < Cheese 0.65 lb. per unit 1.05 lb. per unit 0.35 0.50 0.55 0.85 In addition, Dominick Inc. has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 640 lbs. 190 lbs. 340 lbs. Desired inventory, September 30 670 lbs. 180 lbs. 370 lbs. Price per pound $1.50 $2.40 $3.40 Prepare September's direct materials purchases budget for Dominick Inc. Round final figures to nearest whole dollar. DOMINICK INC. Direct Materials Purchases Budget For the Month Ending September 30 Direct Materials: Dough Tomato Cheese Total Units (lbs.) required for production: 12" pizza 16" pizza Total Total pounds to be purchased Unit price (per lb.)
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Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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