Tobins Frozen Pizza Inc. has determined from its production budget the following estimated production volumes...
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Tobins Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for November:
Units
12" Pizza
16" Pizza
Budgeted production volume
15,700
22,700
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
0.90
lb. per unit
1.50
lbs. per unit
Tomato
0.60
1.00
Cheese
0.80
1.30
In addition, Tobin's has determined the following information about each material:
Dough
Tomato
Cheese
Estimated inventory, November 1
590
lbs.
210
lbs.
320
lbs.
Desired inventory, November 30
620
lbs.
200
lbs.
350
lbs.
Price per pound
$1.20
$2.10
$3.40
Prepare November's direct materials purchases budget for Tobins Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Tobins Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30
Direct Materials
Direct Materials
Direct Materials
Dough
Tomato
Cheese
Total
Units required for production:
12" pizza
fill in the blank 1
fill in the blank 2
fill in the blank 3
16" pizza
fill in the blank 4
fill in the blank 5
fill in the blank 6
Desired inventory, November 1Desired inventory, November 30Estimated inventory, November 1Estimated inventory, November 30Supervisor salaries
- Select -
- Select -
- Select -
Total units available
fill in the blank 11
fill in the blank 12
fill in the blank 13
Desired inventory, November 1Desired inventory, November 30Estimated inventory, November 1Estimated inventory, November 30Supervisor salaries
- Select -
- Select -
- Select -
Total units to be purchased
fill in the blank 18
fill in the blank 19
fill in the blank 20
Unit Price
x $fill in the blank 21
x $fill in the blank 22
x $fill in the blank 23
Total direct materials to be purchased
$fill in the blank 24
$fill in the blank 25
$fill in the blank 26
$fill in the blank 27
Answer & Explanation
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