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Direct materials purchases budget Quetzaltenango Candle Inc. budgeted production of 7 8 5 , 0 0 0 candles for March. Wax is required to produce

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Direct materials purchases budget
Quetzaltenango Candle Inc. budgeted production of 785,000 candles for March. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated March 1 wax inventory is 16,700 pounds. The desired March 31 wax inventory is 12,900 pounds. If candle wax costs $1.50 per pound, determine the direct materials purchases budget for March. (One pound =16 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 31
Line Item Description
Amount
Pounds of wax required for production:
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