Quetzaltenango Candle Inc. budgeted production of candles for March. Wax is required to produce a candle. Assume ounces of wax is required for each candle. The estimated March wax inventory is pounds. The desired March wax inventory is pounds. If candle wax costs $ per pound, determine the direct materials purchases budget for March. One pound ounces. Round all computed answers to the nearest whole number. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Quetzaltenango Candle Inc.
Direct Materials Purchases Budget
For the Month Ending March
Line Item Description Amount
Pounds of wax required for production:
Candles
Desired ending inventory, March
Total units available Total units available
Estimated beginning inventory, March
Total pounds to be purchased
Unit price per lb x total lbs
Total direct materials to be purchased in March $
