(Solved): Direct materials purchases budget Quetzaltenango Candle Inc. budgeted production of 785,000 candles ...

Direct materials purchases budget Quetzaltenango Candle Inc. budgeted production of 785,000 candles for March. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated March 1 wax inventory is 16,700 pounds. The desired March 31 wax inventory is 12,900 pounds. If candle wax costs $1.50 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 Amount Pounds of wax required for production: