Pasadena Candle Inc, budgeted production of 700,000 candles for the January. Wax is required to produce a candle. Assume 13 ounces of wax is required for each candle. estimated January 1 wax inventory is 18,700 pounds. The desired January 31 wax inventory is 14,300 pounds. If candle wax costs $1.30 per pound, determine the direct materials purchases budget for Janvary. (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. Pasadena Candie thc, budgeted production of 60,000 candles for January, Each candle requires molding. Assume that 10 minutes are required to mold each candle, If molding tabor costs $9.5 per hour, determine the direct tobor cost budget for Ianuary. Round total direct labor cost to the nearest doliar, if reguired