ing and lear. eBook Show Me How Direct Labor Cost Budget Pasadena Candle Inc. budgeted production of 39,000 candles for the year. Each candle requires molding. Assume that 10 minutes are required to mold each candle. If molding labor costs $15 per hour, determine the direct labor cost budget for the year Round hourly rate to nearest cent, if required. Pasadena Candle Inc. Direct Labor Cost Budget For the Year Ending December 31 Hours required for assembly: Candles min. Convert minutes to hours Molding hours Hourly rate Total direct labor cost Cash Budget Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the urchase. Purchases are budgeted to be $40,000 for August and $36,000 for September. Prepare a simple cash budget for Pasadena Candle Inc. Pasadena Candle Inc. Schedule of Cash Payments for Purchases For the Month Ending September { Total payments for purchases on account