Direct materials purchases budget

Quetzaltenango Candle Inc. budgeted production of $770,000$ candles for March. Wax is required to produce a candle. Assume $11$ ounces of wax is required for each candle. The estimated March $1$ wax inventory is $17,400$ pounds. The desired March $31$ wax inventory is $13,100$ pounds. If candle wax costs $$2\mathrm{.}10$ per pound, determine the direct materials purchase$$ budget for March. $($One pound $=16$ ounces.$)$ Round all computed answers to the nearest whole number. For those boxes in which you musf enter subtracted or negative numbers use a minus sign.

Quetzaltenango Candle Inc.

Direct Materials Purchases Budget

For the Month Ending March $31$

Line Item Description

Amount

Pounds of wax required for production:

$$

$$

$$

$q,$

Total units available $$

$$

$$

Total pounds to be purchased

Unit price $($per Ib$.)$

Total direct materials to be purchased in March $q,$