Pasadena Candle Inc. budgeted production of Assume 13 ounces of wax is required for each 720,000 candles for the year. Wax is required to produce a candle. January 1 pounds. If candle wax costs $1.60 per pound, determine the direct nepound 16 ounces.) Round all computed answers to the nearest whole becember 31 waxnvnrle. The estimated January 1 wax inventory is 18,600 pounds. The materials purchases budget for the year. (On dollar. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Pasadena Candle Inc. Direct Materials Purchases Budget For the Year Ending December 31 Pounds of wax required for production: Total units available Total pounds to be purchased Unit price Total direct materials to be purchased$ 2, BE.21-04.ALGO (Algorithmic)