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* CengageNOW2 | Online teachin x signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How E Print Item Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 785,000 candles for January. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,000 pounds. The desired January 31 wax inventory is 12,500 pounds. If candle wax costs $1.24 per pound, determine the direct materials purchases budget for January. (One pound - 16 ounces.) 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: Estimated beginning inventory, January 1 16,000 X Desired ending inventory, January 31 12,500 503,125 Total units available 12,500 Estimated beginning inventory, January 1 487,125 V Total pounds to be purchased 1.24 V Unit price (per Ib.) 604,035 Total direct materials to be purchased in January Feedback Check My Work Remember to take into account materials required for production, desired ending materials inventory and estimated beginning materials inventory when calculating direct materials to be purchased.

* CengageNOW2 | Online teachin x signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How E Print Item Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 785,000 candles for January. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,000 pounds. The desired January 31 wax inventory is 12,500 pounds. If candle wax costs $1.24 per pound, determine the direct materials purchases budget for January. (One pound - 16 ounces.) 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: Estimated beginning inventory, January 1 16,000 X Desired ending inventory, January 31 12,500 503,125 Total units available 12,500 Estimated beginning inventory, January 1 487,125 V Total pounds to be purchased 1.24 V Unit price (per Ib.) 604,035 Total direct materials to be purchased in January Feedback Check My Work Remember to take into account materials required for production, desired ending materials inventory and estimated beginning materials inventory when calculating direct materials to be purchased.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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* CengageNOWv2 | Online teachin x ssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 哈☆ еВook Show Me How E Print Item Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 785,000 candles for January. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,000 pounds. The desired January 31 wax inventory is 12,500 pounds. If candle wax costs $1.24 per pound, determine the direct materials purchases budget for January. (One pound = 16 ounces.) 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: Estimated beginning inventory, January 1 16,000 X Desired ending inventory, January 31 12,500 V Total units available 503,125 12,500 X Estimated beginning inventory, January 1 487,125 Total pounds to be purchased 1.24 Unit price (per Ib.) S 604,035 Total direct materials to be purchased in January Feedback Check My VWork Remember to take into account materials required for production, desired ending materials inventory and estimated beginning materials inventory when calculating direct materials to be purchased. Previous Next> 0 more Check My Work uses remaining Save and Exit Submit Assignment for Grading 418 PM 12/4/2021 36°F Sunny
Transcribed Image Text:* CengageNOWv2 | Online teachin x ssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 哈☆ еВook Show Me How E Print Item Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 785,000 candles for January. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,000 pounds. The desired January 31 wax inventory is 12,500 pounds. If candle wax costs $1.24 per pound, determine the direct materials purchases budget for January. (One pound = 16 ounces.) 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: Estimated beginning inventory, January 1 16,000 X Desired ending inventory, January 31 12,500 V Total units available 503,125 12,500 X Estimated beginning inventory, January 1 487,125 Total pounds to be purchased 1.24 Unit price (per Ib.) S 604,035 Total direct materials to be purchased in January Feedback Check My VWork Remember to take into account materials required for production, desired ending materials inventory and estimated beginning materials inventory when calculating direct materials to be purchased. Previous Next> 0 more Check My Work uses remaining Save and Exit Submit Assignment for Grading 418 PM 12/4/2021 36°F Sunny
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