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rect materials purchases budget Jetzaltenango Candle Inc. budgeted production of 765,000 candles for March. Wax is required to produce a candle. Assume 13 ounces of wax is required for each andle. The estimated March 1 wax inventory is 16,600 pounds. The desired March 31 wax inventory is 13,000 pounds. If candle wax costs $1.90 per pound, determine he direct materials purchases budget for March. (One pound - 16 ounces) Round all computed answers to the nearest whole number. For those boxes in which ou 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: Candles Desired ending inventory, March 31 Total units available Estimated beginning inventory March 11 V ✓ Total pounds to be purchased Unit price (per lb.) Total direct materials to be purchased in March Amount 13,000 boog -16,600 1.90

rect materials purchases budget Jetzaltenango Candle Inc. budgeted production of 765,000 candles for March. Wax is required to produce a candle. Assume 13 ounces of wax is required for each andle. The estimated March 1 wax inventory is 16,600 pounds. The desired March 31 wax inventory is 13,000 pounds. If candle wax costs $1.90 per pound, determine he direct materials purchases budget for March. (One pound - 16 ounces) Round all computed answers to the nearest whole number. For those boxes in which ou 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: Candles Desired ending inventory, March 31 Total units available Estimated beginning inventory March 11 V ✓ Total pounds to be purchased Unit price (per lb.) Total direct materials to be purchased in March Amount 13,000 boog -16,600 1.90

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Direct materials purchases budget Quetzaltenango Candle Inc. budgeted production of 765,000 candles for March. Wax is required to produce a candle. Assume 13 ounces of wax is required for each candle. The estimated March 1 wax inventory is 16,600 pounds. The desired March 31 wax inventory is 13,000 pounds. If candle wax costs $1.90 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: Candies Desired ending inventory March 31 -V Total units available Estimated beginning inventory March 1 Total pounds to be purchased Unit price (per lb.) Total direct materials to be purchased in March Amount 13,000 -16,600 1.90
Transcribed Image Text:Direct materials purchases budget Quetzaltenango Candle Inc. budgeted production of 765,000 candles for March. Wax is required to produce a candle. Assume 13 ounces of wax is required for each candle. The estimated March 1 wax inventory is 16,600 pounds. The desired March 31 wax inventory is 13,000 pounds. If candle wax costs $1.90 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: Candies Desired ending inventory March 31 -V Total units available Estimated beginning inventory March 1 Total pounds to be purchased Unit price (per lb.) Total direct materials to be purchased in March Amount 13,000 -16,600 1.90
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