Direct Materials Purchases Budget Marino\'s Frozen Pizza Inc. has determined fro
ID: 2476099 • Letter: D
Question
Direct Materials Purchases Budget
Marino's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for June 2012:
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:
In addition, Marino's has determined the following information about each material:
Prepare June's direct materials purchases budget for Marino's Frozen Pizza Inc. Enter all amounts as positive numbers.
Marino's Frozen Pizza Inc.
Direct Materials Purchases Budget
For the Month Ending June 30, 2012
Dough
Tomato
Cheese
Total
Units required for production:
12" pizza
16" pizza
Plus desired inventory,June 30, 2012
Total
Less estimated inventory,June 1, 2012
Total units to be purchased
Unit price
$
$
$
Total direct materials to be purchased
$
$
$
$
Units 12" Pizza 16" Pizza Budgeted production volume 14,500 23,500Explanation / Answer
Marino's Frozen Pizza Inc Direct Materials Purchases Budget For the Month Ending June 30, 2012 Dough Tomato Cheese Total Units required for production 12" pizza 13050 8700 11600 16" pizza 35250 23500 30550 Plus desired inventory ,June 30,2012 610 180 380 Total 48910 32380 42530 Less Estimated Inventory , June 1 2012 580 190 350 Total Units to be purchased 48330 32190 42180 Unit price $1.60 $2.50 $3.00 Total direct material to be purchased $77,328.00 $80,475.00 $1,26,540.00 $2,84,343.00
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