Question 23 3.333 pts Soft Glow Candle Co. budgeted production of 78,900 candles in 2012. Wax is required to produce a candle. Assume 8 ounces (one half of a pound) of wax is required for each candle. The estimated January 1, 2012, wax inventory is 2,000 pounds. The desired December 31, 2012, wax inventory is 2,400 pounds. If candle wax costs $3.20 per pound, what is the total direct materials purchases budget for 2012? $127,520 $133,920 O $126.240 O None of the above answers is correct. Question 24 3.333 pts Soft Glow Candle Co. budgeted production of 78,900 candels in 2012. Each candle requires molding. Assume that 15 minutes are required to mold each candle. If molding labor costs $16.00 per hour, what would be the direct labor cost budget for molding for 2012? $1,183,500 $315,600 $19,725 O None of the above answers is correct