Direct materials purchases budget Quetzaltenango Candle Inc. budgeted production of 785,000 candles for March. Wax is required to produce a candle. Assume 14 ounces of wax is required for each cande. The estimated March 1 wax inventory is 16,700 pounds. The desired March 31 wax inventory is 13,200 pounds. If candle wax costs $2.10 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 subted of negative numbers use a minus sign. Quetzaltenango Candle Inc. budgeted production of 42,000 candles for March. Each candle requires molding. Assume that three minutes are required to mold each candle. If molding labor costs $12 per hour, determine the direct labor cost budget for March