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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 58,000 38,000 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 lb. per unit Tomato 0.25 Cheese 0.70 In addition, Tobin's has determined the following information about each material: Cheese 3,100 lbs. 3,000 lbs. $0.65 0.80 lbs. per unit 0.40 1.20 Estimated inventory, November 1 Desired inventory, November 30 Dough 2,800 lbs. 2,200 lbs. $0.30 Tomato 1,200 lbs. 1,300 lbs. $0.40 Price per pound This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in che question below. Prepare November's direct materials purchases budget for Tobin's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negativ 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

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 58,000 38,000 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 lb. per unit Tomato 0.25 Cheese 0.70 In addition, Tobin's has determined the following information about each material: Cheese 3,100 lbs. 3,000 lbs. $0.65 0.80 lbs. per unit 0.40 1.20 Estimated inventory, November 1 Desired inventory, November 30 Dough 2,800 lbs. 2,200 lbs. $0.30 Tomato 1,200 lbs. 1,300 lbs. $0.40 Price per pound This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in che question below. Prepare November's direct materials purchases budget for Tobin's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negativ 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

Managerial Accounting
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 4CMA: Krouse Company produces two products, forged putter heads and laminated putter heads, which are sold...
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Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November: 12" Pizza 16" Pizza Budgeted production volume 58,000 38,000 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 Units Direct materials: Dough 0.55 lb. per unit Tomato 0.25 Cheese 0.70 In addition, Tobin's has determined the following information about each material: 16" Pizza Units required for production: 12" pizza 16" pizza Desired inventory, November 30 Total units available Estimated inventory, November 1 Total units to be purchased Unit price Total direct materials to be purchased 0.80 lbs. per unit 0.40 1.20 1,200 lbs. Estimated inventory, November 1 Desired inventory, November 30 Dough 2,800 lbs. 2,200 lbs. $0.30 1,300 lbs. Price per pound $0.40 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. Tomato 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. Cheese 3,100 lbs. 3,000 lbs. $0.65 Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Dough x $ III Tomato x $ III tf x Cheese 트 Total
Transcribed Image Text:Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November: 12" Pizza 16" Pizza Budgeted production volume 58,000 38,000 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 Units Direct materials: Dough 0.55 lb. per unit Tomato 0.25 Cheese 0.70 In addition, Tobin's has determined the following information about each material: 16" Pizza Units required for production: 12" pizza 16" pizza Desired inventory, November 30 Total units available Estimated inventory, November 1 Total units to be purchased Unit price Total direct materials to be purchased 0.80 lbs. per unit 0.40 1.20 1,200 lbs. Estimated inventory, November 1 Desired inventory, November 30 Dough 2,800 lbs. 2,200 lbs. $0.30 1,300 lbs. Price per pound $0.40 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. Tomato 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. Cheese 3,100 lbs. 3,000 lbs. $0.65 Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Dough x $ III Tomato x $ III tf x Cheese 트 Total
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