At the beginning of the period, the Cutting Department budgeted direct labor of $35,370 and supervisor salaries of $47,490 for 3,930 hours of production. The department actually completed 4,300 hours of production. Determine the budget for the department assuming that it uses flexible budgeting. $ Magnolia, Inc., manufactures bedding sets. The budgeted production is for 21,200 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,480 yards with the desired ending balance of 5,400 yards of material. If the material costs $6.60 per yard, determine the materials budget for the year. $