My Life Chronicles Inc. budgeted production of 238,900 diaries in 2016. Each diary requites assembly. Assume that six minutes are required to assemble each diary, If assembly lab Direct labor cost budget PE 6-4A EE 6-4 p budget for 2016. Costs $12.00 per hour, determine the direct labor cost SHOW ME HOW OBJ.4 Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. 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 2016. Direct labor cost budget PE 6-4B EE 6-4 p242 SHOW ME HOW 08J.4 Cost of goods sold budget a cost of goods sold budget for MyLife Chronicles Inc. using the information EE 6-5 p243 PE 6-5A Prepare in Practice Exercises 6-3A and 6-4A. Assume the estimated inventories on 2016, for finished goods and work in process were $25,000 and $19,000, respectively. Also assume the desired inventories on December 31, 2016, for finished goods and work in process were $31,500 and $16,700, respectively. Factory overhead was budgeted $197,100. January 1, HOW HOW Cost of goods sold budget a cost of goods sold budget for Magnolia Candle Inc. using the information in OBJ.4 EE 6-5 p243 PE 6-5B Prepare Practice Exercises 6-3B and 6-4B. Assume the estimated inventories on January 1, 2016. for finished goods and work in process were $9,800 and $3,600, respectively. Also assume the desired inventories on were $12,900 and $3,500, respectively. Factory overhead was December 31, 2016, for finished goods and work in process budgeted at $109,600 EE 6-6 p.249 PE 6-6A. Cash budget OBJ.5 MyLife Chronicles Inc. collects 30 % of its sales on account in the month of the sale and 70% in the month following the sale. If sales on account are for June and $200,000 for July, what are the budgeted cash receipts from sales on account for July? budgeted to be $170,000 EE 6-6 p249 PE 6-6B Cash budget