Tobins Frozen Pizza Inc. has determined from its production budget the following estimated production volumes...
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Accounting
Tobins Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for November:
Units | ||||
12" Pizza | 16" Pizza | |||
Budgeted production volume | 15,700 | 22,700 |
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 | lb. per unit | 1.50 | lbs. per unit | |
Tomato | 0.60 | 1.00 | |||
Cheese | 0.80 | 1.30 |
In addition, Tobin's has determined the following information about each material:
Dough | Tomato | Cheese | ||||
Estimated inventory, November 1 | 590 | lbs. | 210 | lbs. | 320 | lbs. |
Desired inventory, November 30 | 620 | lbs. | 200 | lbs. | 350 | lbs. |
Price per pound | $1.20 | $2.10 | $3.40 |
Prepare November's direct materials purchases budget for Tobins Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Direct Materials | Direct Materials | Direct Materials | ||
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 | |
Desired inventory, November 1Desired inventory, November 30Estimated inventory, November 1Estimated inventory, November 30Supervisor salaries | - Select - | - Select - | - Select - | |
Total units available | fill in the blank 11 | fill in the blank 12 | fill in the blank 13 | |
Desired inventory, November 1Desired inventory, November 30Estimated inventory, November 1Estimated inventory, November 30Supervisor salaries | - Select - | - Select - | - Select - | |
Total units to be purchased | fill in the blank 18 | fill in the blank 19 | fill in the blank 20 | |
Unit Price | 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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