Direct Materials Purchases budget Pasadena Candle Inc budgeted production of 745,000 candles for the January, Wax is required to produce a candle. Assume 11 ounces of wax is required for each candle. The estimated January 1 winntry 17,000 pounds. The desired January 31 wax inventory is 12,200 pounds. If candle wax costs $2.00 per pound, determine the direct materials purchases budget for January (One pound - 16 ounces) Round af computed answers to the nearest whole number for those boxes in which you must enter subtracted or negative numbers use a min Pasadena Candle Inc. Direct Materials Purchases Budget For the Month Ending January 31 Pourds of wax required for production Total units avaible Total pounds to be purchased Unit Price Total direct material to be purchased