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: Units 12" Pizza 16" Pizza Budgeted production volume 13,700 25,400 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 Ibs. 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 1 540 Ibs. 220 Ibs. 270 Ibs. Desired inventory, November 30 570 Ibs. 210 Ibs. 300 Ibs. Price per pound $1.50 $2.20 $3.00 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.

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: Units 12" Pizza 16" Pizza Budgeted production volume 13,700 25,400 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 Ibs. 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 1 540 Ibs. 220 Ibs. 270 Ibs. Desired inventory, November 30 570 Ibs. 210 Ibs. 300 Ibs. Price per pound $1.50 $2.20 $3.00 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.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 9E

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Direct materials: Budgeted production volume 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 0.60 lb. per unit 0.30 Total 0.50 Estimated inventory, September 1 Desired inventory, September 30 Price per pound 12" Pizza Dough Tomato Cheese In addition, Zippy's has determined the following information about each material: Tomato Direct Materials: Units required for production: 12" pizza 16" pizza Units 16,300 Total units to be purchased Unit price Total direct materials to be purchased 16" Pizza 16" Pizza 1.00 lb. per unit 0.45 0.80 20,600 Dough 620 lbs. 650 lbs. $1.50 220 lbs. 210 lbs. Prepare September's direct materials purchases budget for Your Pie Inc. YOUR PIE INC. Direct Materials Purchases Budget For the Month Ending September 30 $2.60 Cheese 270 lbs. 300 lbs. $3.30 Dough Tomato Cheese Total
Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November: 16" Pizza Budgeted production volume 13,100 22,600 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 Direct materials: Units Estimated inventory, November 1 Desired inventory, November 30 Price per pound 12" Pizza Dough 0.90 lb. per unit Tomato 0.60 Cheese 0.80 In addition, Tobin's has determined the following information about each material: Cheese 1.50 lbs. per unit 1.00 1.30 Dough 16" Pizza 590 lbs. 620 lbs. $1.30 Tomato 190 lbs. 180 lbs. $2.70 330 lbs. 360 lbs. $3.40
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: Budgeted production volume Units 12" Pizza Units 16" Pizza 13,200 22,800 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: Dough Tomato Cheese 12" Pizza 16" Pizza 0.90 lb. per unit 1.50 lb. per unit 0.60 1.00 0.80 1.30 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 570 lbs. 160 lbs. 310 lbs. Desired inventory, November 30 Price per pound 600 lbs. $1.40 160 lbs. 340 lbs. $2.80 $3.10 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. Tobin's Frozen Pizza Inc. Direct…
Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November: Direct materials: Dough Tomato Budgeted production volume 13,100 22,600 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 0.90 lb. per unit 0.60 0.80 Units 12" Pizza Estimated inventory, November 1 Desired inventory, November 30 Price per pound 16" Pizza Cheese In addition, Tobin's has determined the following information about each material: Dough $1.30 1.50 lbs. per unit 1.00 1.30 590 lbs. 620 lbs. 16" Pizza Tomato 190 lbs. 180 lbs. $2.70 Cheese 330 lbs. 360 lbs. $3.40
Lorenzo’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 12,500 21,800 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, Lorenzo’s has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 490 lb. 230 lb. 275 lb. Desired inventory, September 30 580 lb. 185 lb. 340 lb. Price per pound $0.50 $2.20 $2.60 Prepare September’s direct materials purchases budget for Lorenzo’s Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo’s Frozen Pizza Inc. Direct Materials Purchases Budget For the Month…
Tobin's 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 13,600 26,800 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 Ibs. 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 1 580 Ibs. 160 Ibs. 290 Ibs. Desired inventory, November 30 610 Ibs. 160 Ibs. 320 Ibs. Price per pound $1.10 $2.60 $3.30 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.
Lorenzo’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 12,600 24,700 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, Lorenzo’s has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 610 lb. 230 lb. 280 lb. Desired inventory, September 30 640 lb. 220 lb. 310 lb. Price per pound $1.40 $2.10 $3.30 Prepare September's direct materials purchases budget for Lorenzo’s Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo’s Frozen Pizza Inc.Direct…
Lorenzo’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 13,500 21,800 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, Lorenzo’s has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 620 lb. 200 lb. 280 lb. Desired inventory, September 30 650 lb. 190 lb. 310 lb. Price per pound $1.00 $2.20 $3.20 Prepare September's direct materials purchases budget for Lorenzo’s Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo’s Frozen Pizza Inc. Direct…
Direct Materials Purchases Budget Zippy'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 14,600 24,600 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 0.60 lb. per unit 1.00 lb. per unit Tomato 0.30 0.45 Cheese 0.50 0.80 In addition, Zippy's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 600 lbs. 240 lbs. 340 lbs. Desired inventory, September 30 630 lbs. 230 lbs. 370 lbs. Price per pound $1.00 $2.10 $3.10 Prepare September's direct materials purchases budget for Zippy's Frozen Pizza Inc. ZIPPY’S FROZEN PIZZA INC. Direct Materials Purchases…
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: Budgeted production volume 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: Dough Tomato Cheese 12" Pizza 0.90 lb. per unit 0.60 0.80 Estimated inventory, November 1 Desired inventory, November 30 Price per pound Units required for production: 12" pizza 16" pizza Total units available In addition, Tobin's has determined the following information about each material: Units 12" Pizza 16" Pizza 22,700 14,400 Total units to be purchased Unit Price Total direct materials to be purchased x $ 1.50 lbs. per unit 1.00 1.30 Dough 620 lbs. 650 lbs. Direct Materials Dough $1.50 16" Pizza Tomato Prepare November's direct materials purchases budget for Tobin's Frozen Pizza Inc. For…
Direct Materials Purchases Budget Zippy'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 14,600 24,600 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 0.60 lb. per unit 1.00 lb. per unit Tomato 0.30 0.45 Cheese 0.50 0.80 In addition, Zippy's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 600 lbs. 240 lbs. 340 lbs. Desired inventory, September 30 630 lbs. 230 lbs. 370 lbs. Price per pound $1.00 $2.10 $3.10 Prepare September's direct materials purchases budget for Zippy's Frozen Pizza Inc. ZIPPY’S FROZEN PIZZA INC. Direct Materials Purchases…
Tobin's 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 Units 16" Pizza Budgeted production volume 74,000 54,000 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: 12" Pizza 16" Pizza Dough Tomato Cheese 0.55 lb. per unit 0.80 lb. per unit 0.25 0.70 0.40 1.20 In addition, Tobin's has determined the following information about each material: Estimated inventory, November 1 Desired inventory, November 30 Price per pound Dough Tomato Cheese $0.40 2,300 lbs. 1,100 lbs. 2,800 lbs. 2,200 lbs. 1,100 lbs. 2,800 lbs. $0.30 $0.65 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. Prepare November's direct materials purchases budget for…