Please do not give solution in image format thanku Direct Materials Purchases BudgetRomano's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September:UnitsDirect materials:Budgeted production volume15,50023,900There 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" Pizza16" Pizza0.90 lb. per unit0.600.80Estimated inventory, September 1Desired inventory, September 30Price per poundDoughTomatoCheeseIn addition, Romano's has determined the following information about each material:Units required for production:12" pizza16" pizzaDesired inventory, September 30Total units availableEstimated inventory, September 1Total units to be purchasedUnit Price12" PizzaTotal direct materials to be purchasedFeedbackCheck My Work16" Pizza1.50 lbs. per unit1.00✓1.30$3.30Prepare September's direct materials purchases budget for Romano's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.Romano's Frozen Pizza Inc.Direct Materials Purchases BudgetFor the Month Ending September 30DoughTomatoDough550 lbs.580 lbs.$1.40Tomato240 lbs.230 lbs.35,850$2.7013,950 ✔✔XXXXx $ 1.40 x $✔$XCheese$300 lbs.330 lbs.X23,900 ✓XX1 XX2.70 ✔ X $XCheese12,400 ✓31,070XXXX3.30 ✔XTotalXRemember to take into account materials required for production, desired ending materials inventory and estimated beginning materials inventory when calculating direct materials to be purchased.Learning Objective 4.

Budgets are quantitative statements that contain the details of the planned revenues, expenditures,…

Romano's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Units 16" Pizza Budgeted production volume 15,500 23,900 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: 0.90 lb. per unit 0.60 0.80 12" Pizza Dough Tomato . Cheese In addition, Romano's has determined the following information about each material: 1.50 lbs. per unit 1.00 1.30 Estimated inventory, September 1 Cheese 300 lbs. 330 lbs. Desired inventory, September 30 Price per pound $3.30 Prepare September's direct materials purchases budget for Romano's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Dough 550 lbs. 580 lbs. $1.40 Tomato 240 lbs. 230 lbs. $2.70

Romano's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Units 16" Pizza Budgeted production volume 15,500 23,900 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: 0.90 lb. per unit 0.60 0.80 12" Pizza Dough Tomato . Cheese In addition, Romano's has determined the following information about each material: 1.50 lbs. per unit 1.00 1.30 Estimated inventory, September 1 Cheese 300 lbs. 330 lbs. Desired inventory, September 30 Price per pound $3.30 Prepare September's direct materials purchases budget for Romano's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Dough 550 lbs. 580 lbs. $1.40 Tomato 240 lbs. 230 lbs. $2.70

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 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…
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 85,000 65,000 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 0.55 Ib. per unit 0.80 Ibs. per unit Tomato 0.25 0.40 Cheese 0.70 1.20 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 2,200 Ibs. 1,100 Ibs. 2,900 Ibs. Desired inventory, November 30 2,100 Ibs. 1.200 Ibs. 3,000 Ibs. Price per pound $0.70 $0.80 $1.05 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…
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 15,900 23,900 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 1 620 lbs. 220 lbs. 270 lbs. Desired inventory, November 30 650 lbs. 210 lbs. 300 lbs. Price per pound $1.20 $2.40 $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…
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