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Pasadena Candle Inc. budgeted production of 725,000 candles for the January, Wax is required to produce a candle. Assume 14 ounces of wax is required
Pasadena Candle Inc. budgeted production of 725,000 candles for the January, Wax is required to produce a candle. Assume 14 ounces of wax is required for a estimated January 1 wax inventory is 16,800 pounds. The desired January 31 wax inventory is 12,800 pounds. If candle wax costs $1.20 per pound, determine purchases budget for January (One pound 16 ounces) Round all computed answers to the nearest whole number. For those boxes in which you must enter numbers use a minus sign Pasadena Candle Inc. Direct Materials Purchases Budget For the Month Ending January 31 Pounds of wax required for production: Total units available Total pounds to be purchased Unit price Total direct materials to be purchased in January Pasadena Candle Inc. budgeted production of 725,000 candles for the January, Was is required to produce a candle. Assume 14 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,800 pounds. The desired January 31 wax inventory is 12,000 pounds: It candle wax costs $1.20 per pound, determine the direct materials purchases budget for January. (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 Candle Inc. Direct Materials Purchases Budget For the Month Ending January 31 Pounds of wax required for production: Total units available Total pounds to be purchased Unit price Total direct materials to be purchased in January
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