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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: 12" Pizza Budgeted production volume 78,000 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 X Open spreadsheet Direct materials: Dough 0.55 lb. per unit Tomato 0.25 0.70 Cheese In addition, Tobin's has determined the following information about each material: Cheese 3,100 lbs. 2.500 lbs. $0.85 Units Units required for production: 12" pizza Dough Tomato 1,000 lbs. Estimated inventory, November 1 Desired inventory, November 30 2,800 lbs. 1,900 lbs. $0.50 1.400 lbs. $0.60 Price per pound This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. 16" pizza Desired inventory, November 30 16" Pizza Total units available Estimated inventory, November 1 Total units to be purchased Unit price Total direct materials to be purchased 58,000 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. Round your final answers to the nearest dollar. Tobin's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending November 30 Dough ✓ 0.80 lbs. per unit 0.40 1.20 42,900 ✓ 46,400 ✓ 1,900 ✔ 89,300 X 2,800 X x Tomato 19,500 ✓ 23,200 ✓ 1,400 ✓ 42,700 X 1,000 X Cheese 54,600 ✓ 69,600 2,500 ✓ 124,200 X 3,100 X Total