Managerial Accounting
15th Edition
ISBN: 9781337912020
Author: Carl Warren, Ph.d. Cma William B. Tayler
Publisher: South-Western College Pub
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Chapter 8, Problem 9E
To determine
Prepare the November’s direct materials purchases budget for Incorporation TFP.
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Direct materials:
Budgeted production volume
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
0.60 lb. per unit
0.30
Total
0.50
Estimated inventory, September 1
Desired inventory, September 30
Price per pound
12" Pizza
Dough
Tomato
Cheese
In addition, Zippy's has determined the following information about each material:
Tomato
Direct Materials:
Units required for production:
12" pizza
16" pizza
Units
16,300
Total units to be purchased
Unit price
Total direct materials to be purchased
16" Pizza
16" Pizza
1.00 lb. per unit
0.45
0.80
20,600
Dough
620 lbs.
650 lbs.
$1.50
220 lbs.
210 lbs.
Prepare September's direct materials purchases budget for Your Pie Inc.
YOUR PIE INC.
Direct Materials Purchases Budget
For the Month Ending September 30
$2.60
Cheese
270 lbs.
300 lbs.
$3.30
Dough Tomato Cheese
Total
Direct Materials Purchases Budget
Tobin's Frozen Pizza Inc. has determined from its
production budget the following estimated production
volumes for 12" and 16" frozen pizzas for November:
Budgeted production volume
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:
Direct materials:
Dough
Tomato
Cheese
12" Pizza
0.90 lb. per unit
0.60
0.80
Estimated inventory, November 1
Desired inventory, November 30
Price per pound
Units required for
production:
12" pizza
16" pizza
Total units available
In addition, Tobin's has determined the following
information about each material:
Units
12" Pizza 16" Pizza
22,700
14,400
Total units to be purchased
Unit Price
Total direct materials to be
purchased
x $
1.50 lbs. per unit
1.00
1.30
Dough
620 lbs.
650 lbs.
Direct
Materials
Dough
$1.50
16" Pizza
Tomato
Prepare November's direct materials purchases budget for
Tobin's Frozen Pizza Inc. For…
Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November:
16" Pizza
Budgeted production volume
13,100
22,600
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
Direct materials:
Units
Estimated inventory, November 1
Desired inventory, November 30
Price per pound
12" Pizza
Dough
0.90 lb. per unit
Tomato
0.60
Cheese
0.80
In addition, Tobin's has determined the following information about each material:
Cheese
1.50 lbs. per unit
1.00
1.30
Dough
16" Pizza
590 lbs.
620 lbs.
$1.30
Tomato
190 lbs.
180 lbs.
$2.70
330 lbs.
360 lbs.
$3.40
Chapter 8 Solutions
Managerial Accounting
Ch. 8 - Prob. 1DQCh. 8 - Briefly describe the type of human behavior...Ch. 8 - What behavioral problems are associated with...Ch. 8 - What behavioral problems are associated with...Ch. 8 - Under what circumstances would a static budget be...Ch. 8 - Prob. 6DQCh. 8 - Prob. 7DQCh. 8 - Why should the timing of direct materials...Ch. 8 - Prob. 9DQCh. 8 - Give an example of how the capital expenditures...
Ch. 8 - At the beginning of the period, the Fabricating...Ch. 8 - Pasadena Candle Inc. projected sales of 800,000...Ch. 8 - Pasadena Candle Inc. budgeted production of...Ch. 8 - Pasadena Candle Inc. budgeted production of...Ch. 8 - Prob. 5BECh. 8 - Cash budget Pasadena Candle Inc. pays 40% of its...Ch. 8 - At the beginning of the school year, Craig Kovar...Ch. 8 - Digital Solutions Inc. uses flexible budgets that...Ch. 8 - Static budget versus flexible budget The...Ch. 8 - Prob. 4ECh. 8 - Production budget Healthy Measures Inc. produces a...Ch. 8 - Sales and production budgets Sonic Inc....Ch. 8 - Professional foes earned budget for a service...Ch. 8 - Prob. 8ECh. 8 - Prob. 9ECh. 8 - Prob. 10ECh. 8 - Prob. 11ECh. 8 - Direct labor cost budget Ace Racket Company...Ch. 8 - Prob. 13ECh. 8 - Factory overhead cost budget Sweet Tooth Candy...Ch. 8 - Cost of goods sold budget Delaware Chemical...Ch. 8 - Prob. 16ECh. 8 - Prob. 17ECh. 8 - Prob. 18ECh. 8 - Schedule of cash payments for service company...Ch. 8 - Prob. 20ECh. 8 - Capital expenditures budget On January 1, 20Y6,...Ch. 8 - Prob. 1PACh. 8 - Sales, production, direct materials purchases, and...Ch. 8 - Budgeted income statement and supporting budgets...Ch. 8 - Budgeted income statement and supporting budgets...Ch. 8 - Cash budget The controller of Bridgeport...Ch. 8 - Budgeted income statement and balance sheet As a...Ch. 8 - Prob. 1PBCh. 8 - Sales, production, direct materials purchases, and...Ch. 8 - Budgeted income statement and supporting budgets...Ch. 8 - Prob. 4PBCh. 8 - Cash budget The controller of Mercury Shoes Inc....Ch. 8 - Budgeted income statement and balance sheet As a...Ch. 8 - Analyze Johnson Stores staffing budget for...Ch. 8 - Prob. 2MADCh. 8 - Prob. 3MADCh. 8 - Prob. 4MADCh. 8 - Ethics in Action The director of marketing for...Ch. 8 - Prob. 3TIFCh. 8 - Evaluating the budgeting system in a service...Ch. 8 - Static budget for a service company A hank manager...Ch. 8 - Objectives of the master budget Dominos Pizza LLC...Ch. 8 - When compared to static budgets, flexible budgets:...Ch. 8 - Prob. 2CMACh. 8 - Ming Company has budgeted sales at 6,300 units for...Ch. 8 - Krouse Company produces two products, forged...
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- Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November: Units 12" Pizza 16" Pizza Budgeted production volume 13,600 26,800 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 Ibs. per unit Tomato 0.60 1.00 Cheese 0.80 1.30 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 580 Ibs. 160 Ibs. 290 Ibs. Desired inventory, November 30 610 Ibs. 160 Ibs. 320 Ibs. Price per pound $1.10 $2.60 $3.30 Prepare November's direct materials purchases budget for Tobin's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.arrow_forwardShow Me How Production Budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Gym Scale Scale Northern Region unit sales Southern Region unit sales Total The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 1,500 and 2,500 units, respectively. The desired finished goods inventory for March 31 for the Bath and Gym scale models is 1,100 and 2,700 units, respectively. Total units available 19,300 41,900 20,800 21,800 40,100 63,700 Prepare a production budget for the Bath and Gym scales for the month ended March 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Healthy Measures Inc. Production Budget For the Month Ending March 31 Total units to be produced Units Bath Scale Units Gym Scale 100000 C eck My Work 2 more Check My Work uses remaining. 00000 Previous Next > Uparrow_forwardDirect materials purchases budget Tobin's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for November: Budgeted production volume Units 12" Pizza Units 16" Pizza 13,200 22,800 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: Direct materials: Dough Tomato Cheese 12" Pizza 16" Pizza 0.90 lb. per unit 1.50 lb. per unit 0.60 1.00 0.80 1.30 In addition, Tobin's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, November 1 570 lbs. 160 lbs. 310 lbs. Desired inventory, November 30 Price per pound 600 lbs. $1.40 160 lbs. 340 lbs. $2.80 $3.10 Prepare November's direct materials purchases budget for Tobin's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Tobin's Frozen Pizza Inc. Direct…arrow_forward
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