60.1K

Verified Solution

Link Copied!

Tobin$$s Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for $12\text{'}\text{'}$ and $16\text{'}\text{'}$ frozen pizzas for November: Direct materials purchases budget

Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for $12"$ and

$16"$ frozen pizzas for November:

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:

In addition, Tobin's has determined the following information about each material:

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis,

and input your answers in the question below.

Open spreadsheet

Prepare November's direct materials purchases budget for Tobin's Frozen Pizza Inc. For those boxes in which you must enter

subtracted or negative numbers use a minus sign. Round your final answers to the nearest dollar.

Tobin's Frozen Pizza Inc.

Direct Materials Purchases Budget

For the Month Ending November $30$ Budgeted production volume

$66,00046,000$

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:

Direct materials:

In addition, Tobin's has determined the following information about each material:

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis,

and input your answers in the question below.

Open spreadsheet

Prepare November's direct materials purchases budget for Tobin's Frozen Pizza Inc. For those boxes in which you must enter

subtracted or negative numbers use a minus sign. Round your final answers to the nearest dollar.

Tobin's Frozen Pizza Inc.

Direct Materials Purchases Budget

For the Month Ending November $30$

Units

$12"$ Pizza $16"$ Pizza

Budgeted production volume $66,00046,000$

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 $0\mathrm{.}55$ lb$.$ per unit $0\mathrm{.}80$ lbs$.$ per unit

Tomato $0\mathrm{.}250\mathrm{.}40$

Cheese $0\mathrm{.}701\mathrm{.}20$

In addition, Tobin$$s has determined the following information about each material:

Dough Tomato Cheese

Estimated inventory, November $12,300$ lbs$.900$ lbs$.3,000$ lbs$.$

Desired inventory, November $302,000$ lbs$.1,000$ lbs$.2,900$ lbs$.$

Price per pound $$0\mathrm{.}60$ $$0\mathrm{.}70$ $$0\mathrm{.}95$

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.

Open spreadsheet

Prepare November's direct materials purchases budget for Tobin$$s Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Round your final answers to the nearest dollar.

Tobin$$s Frozen Pizza Inc.

Direct Materials Purchases Budget

For the Month Ending November $30$

Dough Tomato Cheese Total

Units required for production:

$12"$ pizza fill in the blank $2$ fill in the blank $3$ fill in the blank $4$

$16"$ pizza fill in the blank $5$ fill in the blank $6$ fill in the blank $7$

fill in the blank $9$ fill in the blank $10$ fill in the blank $11$

Total units available fill in the blank $12$ fill in the blank $13$ fill in the blank $14$

fill in the blank $16$ fill in the blank $17$ fill in the blank $18$

Total units to be purchased fill in the blank $19$ fill in the blank $20$ fill in the blank $21$

Unit price x $fill in the blank $22$ x $fill in the blank $23$ x $fill in the blank $24$

Total direct materials to be purchased $fill in the blank $25$ $fill in the blank $26$ $fill in the blank $27$ $fill in the blank $28$

Show all imagesShow all images

Answer & Explanation Solved by verified expert

See Answer