Problem $3-$ Direct labor cost budget

Pasadena Candle Inc. budgeted production of $63,000$ candles for the year. Each candle requires molding. Assume that three minutes are required to mold each candle. Molding labor costs $$10\mathrm{.}25$ per hour. Prepare the direct labor cost budget for the year.

Round hourly rate to nearest cent, if required.