60.1K

Verified Solution

Link Copied!

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 pizzas for September: Units 12" Pizza 16" Pizza Budgeted production volume 15,100 21,600 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 ib. 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 1 620 lbs. 230 lbs. 280 lbs Desired Inventory, September 30 650 lbs. 220 lbs. 310 lbs Price per pound $1.30 $2.60 $3.10 mumann hunnet for Bomann's Frozen Pizza Inc. For those boxes in which you Prepare September's direct materials purchases budget for Romano's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign Romano's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Dough Tomato Cheese Total Units required for production: 12" pizza 16" pizza Total units available Total units to be purchased Unit Price X $ Total direct materials to be purchased o EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (Ja Accrued Expenses Payable balance on January 1 is $34,300. The budgeted expenses for the next t follows: tarch). The onths are as January February $96,000 Salaries $78,900 Utilities 6,500 7,200 March $106,300 8,600 72,000 $186,900 Other operating expenses 60,000 65,400 Total $145,400 $168,600 Other operating expenses include $4,300 of monthly depreciation expense and $1,000 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 75% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for operations for January, February, and March. Enter all amounts as positive numbers. EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 31 January February March Payments of prior month's expense 34,300 42,030 X $ 48,990 X Payments of current month's expense 98,070 x 114,310 x 127,120 X Total cash payments 132,370 X $ 156,340 X 176,110 X

Answer & Explanation Solved by verified expert

See Answer