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Homework answers / question archive / Direct Materials Purchases Budget Romano’s Frozen Pizza Inc

Direct Materials Purchases Budget Romano’s Frozen Pizza Inc

Accounting

Direct Materials Purchases Budget

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
  12" Pizza 16" Pizza
Budgeted production volume 14,900   24,000  

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 0.90 lb. per unit 1.50 lbs. per unit
  Tomato 0.60   1.00  
  Cheese 0.80   1.30  

In addition, Romano's has determined the following information about each material:

  Dough Tomato Cheese
Estimated inventory, September 1 600 lbs. 220 lbs. 270 lbs.
Desired inventory, September 30 630 lbs. 210 lbs. 300 lbs.
Price per pound $1.00   $2.80   $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.

Romano’s Frozen Pizza Inc.
Direct Materials Purchases Budget
For the Month Ending September 30
  Dough Tomato Cheese Total
Units required for production:        
12" pizza        
16" pizza        
         
Total units available        
         
Total units to be purchased        
Unit Price        
Total direct materials to be purchased        

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