Magnolia, Inc. manufactures bedding sets. The budgeted production is for 16,000 comforters this year. Each comforter requires 7 yards of material. The estimated January beginning inventory is 5,160 yards with the desired ending ba lance of 6,100 yards of material. If the material costs $4.70 per yard, determine the materials budget for the year Sleep Tight, Inc. manufactures bedding sets. The budgeted production is for 38,500 comforters this year. Each comforter requires 1.5 hours to cut and sew the material. The cost of cutting and sewing labor is $16.80 per hour. Determine the direct labor budget for this year