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Prepare September direct materials purchases budget

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Reference no: EM132823587

Question - 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" Pizza16" Pizza

Budgeted production volume 15,500 25,500

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 1530lb 180lb 350lb

Desired inventory, September 30560lb 170lb 380lb

Price per pound $1.20 $2.10 $3.30

Required - Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent.

Reference no: EM132823587

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