budget Pasadena Candle Inc. budgeted production of 730,000 candles for the year. Wax is required...
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budget Pasadena Candle Inc. budgeted production of 730,000 candles for the year. Wax is required to produce a candle. Assume 15 ounces of wax is required for each candle. The estima January 1 wax inventory is 16,800 pounds. The desired December 31 wax inventory is 14,200 pounds. If candle wax costs $1.80 per pound, determine the direct materials purcha budget for the year. (One pound = 16 ounces.) Round all computed answers to the nearest whole dollar. For those boxes in which you must enter subtracted or negative numbers a minus sign. Pasadena Candle Inc. Direct Materials Purchases Budget For the Year Ending December 31 Pounds of wax required for production: Total units available bIO Total pounds to be purchased Unit price Total direct materials to be purchased
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