Lorenzos Frozen Pizza Inc. has determined from its production budget the following estimated production volumes...

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Accounting

Lorenzos 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 20,800

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:

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, Lorenzos has determined the following information about each material:

Dough Tomato Cheese
Estimated inventory, September 1 530 lb. 180 lb. 380 lb.
Desired inventory, September 30 560 lb. 170 lb. 410 lb.
Price per pound $1.50 $2.70 $3.10

Prepare September's direct materials purchases budget for Lorenzos Frozen Pizza Inc. When required, enter unit prices to the nearest cent.

Lorenzos Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30
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

Less desired inventory, September 1Less desired inventory, September 30Less estimated inventory, September 1Plus desired inventory, September 30Plus estimated inventory, September 1

- Select - - Select - - Select -
Total pounds required fill in the blank 11 fill in the blank 12 fill in the blank 13

Less desired inventory, September 1Less desired inventory, September 30Less estimated inventory, September 1Plus desired inventory, September 30Plus estimated inventory, September 1

- Select - - Select - - Select -
Total pounds to be purchased fill in the blank 18 fill in the blank 19 fill in the blank 20
Unit price (per pound) 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

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