Pasadena Candle Inc. budgeted production of 45,000 candles for the year. Each candle requires molding. Assume that five minutes are required to mold each candle. If molding labor costs $15.75 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			fill in the blank 1	min.
Convert minutes to hours			fill in the blank 2	min.
Molding hours			fill in the blank 3	hrs.
Hourly rate			$fill in the blank 4
Total direct labor cost			$fill in the blank 5