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Direct Materials Purchases Budget Lorenzo's Frozen Pizza Inc. has determined from its production budget the...

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Accounting

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Direct Materials Purchases Budget Lorenzo's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Units 12" Pizza 16" Pizza Budgeted production volume 13,200 Three direct materials are used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 20,700 12" Pizza 16" Pizza Direct materials: Dough 0.80 lb. per unit 1.50 lb. per unit Tomato 0.50 0.70 Cheese 0.70 1.30 In addition, Lorenzo's has determined the following information about each material: Tomato Cheese 300 lb. 650 lb. 220 lb. 330 lb. $1.30 $2.10 $3.20 Dough Estimated inventory, September 1 620 lb. 230 lb. Desired Inventory, September 30 Price per pound Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Dough Total Units required for production: Tomato Cheese 12" pizza 16" pizza Total pounds required Total units to be purchased Unit price XS XS X $ Total direct materials to be purchased

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