Can someone assist with PE 22-5B, I do not understand the concept and the previous two questions are required to answer the last one.

Thank you!

EE 22-4 p. 1026 PE 22-4B Direct labor cost budget OBJ. 4 Magnolia Candle Co. budgeted production of 74,200 candles in 2014. Each candle requires molding. Assume that 12 minutes are required to mold each candle. If molding labor costs $14.00 per hour, determine the direct labor cost budget for 2014. Cost of goods sold budget PE 22-5A Prepare a cost of goods sold budget for LifeTyme Publishers Inc., using the information in Practice Exercises 22-3A and 22-4A. Assume the estimated inventories on January 1, 2014, for finished goods and work in process were $28,000 and $17,000, respectively Also assume the desired inventories on December 31, 2014, for finished goods and work in process were $23,700 and S19,500, respectively. Factory overhead was budgeted at $205,800. EE 22-5 p. 1028 OBJ. 4 EE 22-5 p. 1028 PE 22-5B Cost of goods sold budget OBJ.4 Prepare a cost of goods sold budget for Magnolia Candle Co., using the information in Practice Exercises 22-3B and 22-4B. Assume the estimated inventories on January 1, 2014, for finished goods and work in process were $9,800 and $3,600, respectively. Also assume the desired inventories on December 31, 2014, for finished goods and work in process were $12,900 and $3,500, respectively. Factory overhead was budgeted at $109,600