Tobin’s Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for...

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Tobin’s Frozen Pizza Inc. has determined from its productionbudget the following estimated production volumes for 12'' and 16''frozen pizzas for November:

Units
12" Pizza16" Pizza
Budgeted production volume76,00056,000

There are three direct materials used in producing the two typesof pizza. The quantities of direct materials expected to be usedfor each pizza are as follows:

12" Pizza16" Pizza
Direct materials:
Dough0.55lb. per unit0.80lbs. per unit
Tomato0.250.40
Cheese0.701.20

In addition, Tobin’s has determined the following informationabout each material:

DoughTomatoCheese
Estimated inventory, November 12,200lbs.1,000lbs.3,300lbs.
Desired inventory, November 302,100lbs.1,000lbs.2,700lbs.
Price per pound$0.60$0.70$0.95

This information has been collected in the Microsoft ExcelOnline 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’sFrozen Pizza Inc. For those boxes in which you must entersubtracted or negative numbers use a minus sign. Round your finalanswers to the nearest dollar.

Tobin’s Frozen Pizza Inc.
Direct Materials PurchasesBudget
For the Month Ending November30
DoughTomatoCheeseTotal
Units required for production:
12" pizza      
16" pizza      
      
Total units available      
      
Total units to be purchased      
Unit pricex$x$x$
Total direct materials to be purchased$$$$

Answer & Explanation Solved by verified expert
4.4 Ratings (711 Votes)
Answer Preparation of Novembers direct material purchases budget for Tobins Frozen Pizza Inc Tobins Frozen Pizza Inc Direct Materials Purchases Budget For the Month Ending November 30 Direct Materials Direct Materials    See Answer
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Transcribed Image Text

Tobin’s Frozen Pizza Inc. has determined from its productionbudget the following estimated production volumes for 12'' and 16''frozen pizzas for November:Units12" Pizza16" PizzaBudgeted production volume76,00056,000There are three direct materials used in producing the two typesof pizza. The quantities of direct materials expected to be usedfor each pizza are as follows:12" Pizza16" PizzaDirect materials:Dough0.55lb. per unit0.80lbs. per unitTomato0.250.40Cheese0.701.20In addition, Tobin’s has determined the following informationabout each material:DoughTomatoCheeseEstimated inventory, November 12,200lbs.1,000lbs.3,300lbs.Desired inventory, November 302,100lbs.1,000lbs.2,700lbs.Price per pound$0.60$0.70$0.95This information has been collected in the Microsoft ExcelOnline file. Open the spreadsheet, perform the required analysis,and input your answers in the question below.Open spreadsheetPrepare November's direct materials purchases budget for Tobin’sFrozen Pizza Inc. For those boxes in which you must entersubtracted or negative numbers use a minus sign. Round your finalanswers to the nearest dollar.Tobin’s Frozen Pizza Inc.Direct Materials PurchasesBudgetFor the Month Ending November30DoughTomatoCheeseTotalUnits required for production:12" pizza      16" pizza            Total units available            Total units to be purchased      Unit pricex$x$x$Total direct materials to be purchased$$$$

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