Direct Materials Purchases Budget 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″ Pizza 16″ Pizza Budgeted production volume 14,700 24,200 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 Cheese Tomato Estimated inventory, September 1 570 lb. 200 lb 270 lb Desired inventory, September 30 600 lb. 190 lb. 300 lb. Price per pound $1.00 $2.50 $3.00 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. eBook Show Me How Calculator CIReesa 0:70 In addition, Lorenzo's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 570 lb 200 lb. 270 lb
Desired inventory, September 30 600 lb. 190 lb. 300 lb. Price per pound $1.00 $2.50 $3.00 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo'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 Plus desired inventory, September 30 Total pounds required Total units to be purchased Unit price Total direct materials to be purchased Previous Next Check My Work 2 more Check My Work uses remaining Direct Labor Cost Budget MatchPoint Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for March for the two rackets is as follows: Junior Pro Striker Production budget 6,300 units 21,800 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.2 hour per unit 0.5 hour per unit Pro Striker 0.3 hour per unit 0.75 hour per unit The direct labor rate for each department is as follows: Forming Department $17 per hour Assembly Department $9 per hour Prepare the direct labor cost budget for March. MatchPoint Racket Company Direct Labor Cost Budget For the Month Ending March 31 Forming Department Department Assembly Hours required for production: eBook Calculator Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.2 hour per unit 0.5 hour per unit Pro Striker 0.3 hour per unit 0.75 hour per unit The direct labor rate for each department is as follows: Forming Department $17 per hour Assembly Department $9 per hour Prepare the direct labor cost budget for March. MatchPoint Racket Company Direct Labor Cost Budget For the Month Ending March 31 Forming Assembly Department Department Hours required for production: Junior Pro Striker Total hours required xS Hourly rate Total direct labor cost. Get Accounting homework help today
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