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Marino's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for...

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: Units 12" Pizza 16" Pizza Budgeted production volume 15,200 25,200 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, Marino's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, June 1, 2016 530 lbs. 210 lbs. 270 lbs. Desired inventory, June 30, 2016 560 lbs. 200 lbs. 300 lbs. Price per pound $1.1 $2.4 $3.3 Prepare June's direct materials purchases budget for Marino's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. 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 16" pizza Total Total units to be purchased Unit price x $ x $ x $ Total direct materials to be purchased $ $ $ $

Solutions

Expert Solution

Purchase Budget-Dough
Pizza-12'' Pizza-16'' Total
Production volume 15200 25200
Required dough per unit 0.9 1.5
Estimated Production need 13680 37800 51480
Add: Desired Ending inventory 560
Total Needs 52040
Less: Begnining Inventory 530
Dough Material purchased 51510
Price per lb 1.1
Raw material in $ 56661
Purchase Budget-Tomato
Pizza-12'' Pizza-16'' Total
Production volume 15200 25200
Required Tomato per unit 0.6 1
Estimated Production need 9120 25200 34320
Add: Desired Ending inventory 200
Total Needs 34520
Less: Begnining Inventory 210
Dough Material purchased 34310
Price per lb 2.4
Raw material in $ 82344
Purchase Budget-Cheese
Pizza-12'' Pizza-16'' Total
Production volume 15200 25200
Required Cheese per unit 0.8 1.3
Estimated Production need 12160 32760 44920
Add: Desired Ending inventory 300
Total Needs 45220
Less: Begnining Inventory 270
Dough Material purchased 44950
Price per lb 3.3
Raw material in $ 148335
Total Budgeted Purchase in $ (56661+82344+148335): $ 287,340

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