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Cost of goods sold budget Quetzaltenango Candie Inc, budgeted production of 685,000 candies for March. Each candle requires molding. Assume that. 6 minutes are required to mold each candie. If molding labor costs $15 per hour, determine the direct labor cost budget for March. Wax is required to produce a cande. Assume 342,000 pounds of material will be purchased during March. The candle wax costs $1.20 per pound. Prepare a cost of goods sold budget for Quetzaltenango Candie Inc, using the information above. Assume the estimated ifvethtories on March i for finished goods and work in process were $300,000 and $41,250, respectively and direct materiais wax inventory of 15,000 pounds. Aiso assurne the desited inventories on March 31 for finished goods and work in process were $200,000 and $28,500, respectively and direct materials wax inventory of 14,500 pounds. Factory overtiead was bedgeted at $400,000. For those boxes in which you must enter siubtracted or neyathe numbers use a minus sign. m/takeAssignment/takeAssignmentMain, do?invoker=8takeAssignmentSessionLocator=\&inprogress=false Direct materials: Cost of direct materials placed in production \$ Total work in process during period Check My Work 2 more Check My Work uses remaining Quetzaltenango Candie Inc. pays 30% of its purchases on account in the month of the purchase and 70% in the month following the purchase. If purchases are budgeted to be $50,000 for August and $60,000 for September, what are the budgeted cash poyments for purchases on account for September? Cost of goods sold budget Quetzaltenango Candie Inc, budgeted production of 685,000 candies for March. Each candle requires molding. Assume that. 6 minutes are required to mold each candie. If molding labor costs $15 per hour, determine the direct labor cost budget for March. Wax is required to produce a cande. Assume 342,000 pounds of material will be purchased during March. The candle wax costs $1.20 per pound. Prepare a cost of goods sold budget for Quetzaltenango Candie Inc, using the information above. Assume the estimated ifvethtories on March i for finished goods and work in process were $300,000 and $41,250, respectively and direct materiais wax inventory of 15,000 pounds. Aiso assurne the desited inventories on March 31 for finished goods and work in process were $200,000 and $28,500, respectively and direct materials wax inventory of 14,500 pounds. Factory overtiead was bedgeted at $400,000. For those boxes in which you must enter siubtracted or neyathe numbers use a minus sign. m/takeAssignment/takeAssignmentMain, do?invoker=8takeAssignmentSessionLocator=\&inprogress=false Direct materials: Cost of direct materials placed in production \$ Total work in process during period Check My Work 2 more Check My Work uses remaining Quetzaltenango Candie Inc. pays 30% of its purchases on account in the month of the purchase and 70% in the month following the purchase. If purchases are budgeted to be $50,000 for August and $60,000 for September, what are the budgeted cash poyments for purchases on account for September