Quetzaltenango Candle Inc. budgeted production of 705,000 candles for March. Wax is required to produce a candle. candle. The estimated March 1 wax inventory is 17,900 pounds. The desired March 31 wax inventory is 14,400 pound the direct materials purchases budget for March. (One pound = 16 ounces.) Round all computed answers to the n you must enter subtracted or negative numbers use a minus sign. Quetzaltenango Candle Inc. Direct Materials Purchases Budget For the Month Ending March 31
Quetzaltenango Candle Inc. budgeted production of 705,000 candles for March. Wax is required to produce a candle. candle. The estimated March 1 wax inventory is 17,900 pounds. The desired March 31 wax inventory is 14,400 pound the direct materials purchases budget for March. (One pound = 16 ounces.) Round all computed answers to the n you must enter subtracted or negative numbers use a minus sign. Quetzaltenango Candle Inc. Direct Materials Purchases Budget For the Month Ending March 31
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Direct materials purchases budget
Quetzaltenango Candle Inc. budgeted production of 705,000 candles for March. Wax is required to produce a candle. Assume 11 ounces of wax is required for each
candle. The estimated March 1 wax inventory is 17,900 pounds. The desired March 31 wax inventory is 14,400 pounds. If candle wax costs $1.80 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 subtracted or negative numbers use a minus sign.
Quetzaltenango Candle Inc.
Direct Materials Purchases Budget
For the Month Ending March 31
Line Item Description
Pounds of wax required for production:
Total units available
Total pounds to be purchased
Unit price (per lb.)
Total direct materials to be purchased in March
Amount
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