Calculator Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 700,000 candles for the year. Wax is requ December 31 wax inventory is 13,000 pounds. If candle wax costs $2.10 per pound, de boxes in which you must enter subtracted or negative numbers use 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 Total pounds to be purchased Unit price Total direct materials to be purchased LLLLLLL 000 candles for the year. Wax is required to produce a candle. Assume 13 ounces of wax is required for each candle. The estimated January 1 wax inventory is 18,900 pounds. The desired andle wax costs $2.10 per pound, determine the direct materials purchases budget for the year. (One pound - 16 ounces) Round all computed answers to the nearest whole dollar. For those Live numbers use a minus sign. calculator Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 700,000 candles for the year. Wax is required to produce a candle. Assume 13 ounces of wax is reqi December 31 wax inventory is 13,000 pounds. If candle wax costs $2.10 per pound, determine the direct materials purchases budget for the year boxes in which you must enter subtracted or negative numbers use 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 Total pounds to be purchased Unit price Total direct materials to be purchased