Tobin$$s Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for $12\text{'}\text{'}$ and $16\text{'}\text{'}$ frozen pizzas for November:

Line Item Description Units $12"$ Pizza Units $16"$ Pizza

Budgeted production volume $15,90025,100$

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:

Line Item Description $12"$ Pizza $16"$ Pizza

Direct materials:

Dough $0\mathrm{.}90$ lb$.$ per unit $1\mathrm{.}50$ lb$.$ per unit

Tomato $0\mathrm{.}601\mathrm{.}00$

Cheese $0\mathrm{.}801\mathrm{.}30$

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

Line Item Description Dough Tomato Cheese

Estimated inventory, November $1580$ lbs$.230$ lbs$.350$ lbs$.$

Desired inventory, November $30610$ lbs$.220$ lbs$.380$ lbs$.$

Price per pound $$1\mathrm{.}20$ $$2\mathrm{.}50$ $$3\mathrm{.}00$

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 minus sign.

Tobin$$s Frozen Pizza Inc.

Direct Materials Purchases Budget

For the Month Ending November $30$

Line Item Description Dough Tomato Cheese Total

Units required for production:

$12"$ pizza $12"$ pizza $12"$ pizza $12"$ pizza

$16"$ pizza $16"$ pizza $16"$ pizza $16"$ pizza

Desired inventory, November $30$ Desired inventory, November $30$ Desired inventory, November $30$

Total units available Total units available Total units available Total units available

Estimated inventory, November $1$ Estimated inventory, November $1$ Estimated inventory, November $1$

Total units to be purchased Total units to be purchased Total units to be purchased Total units to be purchased

Unit Price x $Unit Price x $Unit Price x $Unit Price

Total direct materials to be purchased $Total direct materials to be purchased $Total direct materials to be purchased $Total direct materials to be purchased $Total direct materials to be purchased

Answer rating: 100% (QA)

To prepare the direct materials purchases budget for Tobins Frozen Pizza Inc for the month ending November 30 we need to calculate the quantities and ... View the full answer