Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. direct materials purchases budget romano's frozen

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

50.1K

Verified Solution

Question

Accounting

image
image
Direct Materials Purchases Budget Romano's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen plazas for September: Units 12" Plaza 16" Pia Budgeted production volume 14,700 25,700 There are three direct materials used in producing the two types of pim. The quantities of direct materiais 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, Romano's has determined the following information about each material: Dough Tomato Cheese Estimated Inventory, September 1 590 lbs 210 lbs. 270 lbs Desired inventory, September 30 620 lbs 200 lbs 300 lbs Price per pound $1.50 $2.70 $3.20 Prepare September's direct materiais purchases budget for Romano's Frozen Plaza Inc. For those boxes in which you must enter sottracted or negative numbers use a minus sign Romano's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Dough Tomato Units required for production: Cheese Total 12" pizza 16" pizza Total units available Total units to be purchased Unit Price X$ X $ bi X $ Total direct materials to be purchased

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students