Direct Materials Purchases Budget Marino\'s Frozen Pizza Inc. has determined fro

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 2016:

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. When required, enter unit prices to the nearest cent.

Explanation / Answer

Marino's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending June 30, 2016 Dough Tomato Cheese Total Units required for production: 12" pizza 14310 9540 12720 16" pizza 38850 25900 33670 Add: Desired inventory, June 30, 2016 570 210 320 Total 53730 35650 46710 Less: Estimated inventory, June 1, 2016 540 220 290 Total units to be purchased 53190 35430 46420 Unit price 1.5 2.3 3.4 Total direct materials to be purchased 79785 81489 157828 319102

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