D AXES X G death per X /collection X G n scale gs X X H N 4-8-8-4 X 6 Chapter 2

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D AXES X G death per X /collection X G n scale gs X X H N 4-8-8-4 X 6 Chapter 2 x Cengagel X D Death Per x w WriteWell X Mara - 6 x + C O Not secure v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator;=assignment-take&inpro...; Q * G * O Chapter 21 Homework eBook ( Show Me How B Calculator E Print Item 1. BE.21-01.ALGO Direct Materials Purchases Budget 2. BE.21-02.ALGO 3. BE.21-03.ALGO 4. BE.21-04.ALGO Pasadena Candle Inc. budgeted production of 780,000 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 17,100 pounds. The desired December 31 wax inventory is 14,000 pounds. If candle wax costs $1.40 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 / 5. EX.21-01.ALGO 6. EX.21-02.ALGO 7. EX.21-06.ALGO Desired ending inventory, December 31, 8. EX.21-09.ALGO Total units available Estimated beginning inventory, January 1, 9. EX.21-17.ALGO Total pounds to be purchased 10. EX.21-20.ALGO Unit price 401 Total direct materials to be purchased Feedback 7 Check My Work 4 O O D * ^ LG d. . d) 1:50 PM "

Explanation / Answer

Direct material purchases budget :

Pounds of wax required for production Candles (780000*12/16) 585000 Desired ending inventory, december 31 14000 Total units available 599000 Estimated beginning inventory, january 1 (17100) Total pounds to be purchased 581900 Unit price 1.4 Total direct materials to be purchased 814660

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