Sleep Tight, Inc. manufactures bedding sets. The budgeted production is for 46,800 comforters this year, each comforter requires 1.5 hours to cut and sew the materat The cost of cutting and sewing laboris $16.40 per hour. Determine the direct labor budget for this year. Magnola, Inc. manufactures bedding sets. The budgeted production is for 27,600 comforters this year. Each corntorter requires 7 yards af material. The estimated January 1 beginning inventory is 4,990 yards with the desired ending balance of 5,900 yards of material. If the material costs $6,00 per yard, determine the materials budget for the year