Direct Labor Cost Budget Pasadena Candle Inc. budgeted production of 57,000 candles for January. Each candle requires molding. Assume that 12 minutes are required to mold each candle. If molding labor costs $16 per hour, determine the direct labor cost budget for January. Round total direct labor cost to the nearest dollar, if required. Pasadena Candle Inc. Direct Labor Cost Budget For the Month Ending January 31 Hours required for assembly: Candles Convert minutes to hours Molding hours Hourly rate Total direct labor cost x min. min. hrs. Magnolia, Inc., manufactures bedding sets. The budgeted production is for 11,500 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,040 yards with the desired ending balance of 3,100 yards of material. If the material costs $8.30 per yard, determine the materials budget for the year