D 13 BE 22-4 Direct Labor Cost Budget Obj. 4 Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for January. BE 22-5 Cost of Goods Sold Budget Obj. 4 Prepare a cost of goods sold budget for Pasadena Candle Inc. using the information in Basic Exercises 3 and 4. Assume the estimated inventories on January 1 for finished goods and work in process were $200,000 and $41,250, respectively. Also assume the desired inventories on January 31 for finished goods and work in process were $120,000 and $28,500, respectively. Factory overhead was budgeted at $300,000. BE 22-6 Cash Budget Obj. 5 Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purchase. If purchases are budgeted to be $40,000 for August and $36,000 for September, what are the budgeted cash payments for purchases on account for September?