Pasadena Candle Inc. budgeted production of 770,000 candles for the year. Wax is required to produce a
Question:
Pasadena Candle Inc. budgeted production of 770,000 candles for the year. Wax is required to produce a candle. Assume 12 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,300 pounds. The desired December 31 wax inventory is 12,500 pounds. If candle wax costs $1.70 per pound, determine the direct materials purchases budget for the year. (One pound = 16 ounces.) Round all computed answers to the nearest whole 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:
Candles | |
Desired ending inventory, December 31 | |
Total units available | |
Estimated beginning inventory, January 1 | |
Total pounds to be purchased | |
Unit price | $ |
Total direct materials to be purchased | |
Thermodynamics for Engineers
ISBN: ?978-1133112860
1st edition
Authors: Kenneth A. Kroos, Merle C. Potter