Pasadena Candle Inc. budgeted production of 33,000 candles for the year. Each candle requires molding....
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Accounting
Pasadena Candle Inc. budgeted production of 33,000 candles for the year. Each candle requires molding. Assume that 15 minutes are required to mold each candle. If molding labor costs $11.25 per hour, determine the direct labor cost budget for the year.
Round hourly rate to nearest cent, if required.
| Pasadena Candle Inc. Direct Labor Cost Budget For the Year Ending December 31 |
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| Hours required for assembly: |
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| Candles |
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| fill in the blank 1 | min. |
| Convert minutes to hours |
| fill in the blank 2 | min. | |
| Molding hours |
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| fill in the blank 3 | hrs. |
| Hourly rate |
| $fill in the blank 4 |
| |
| Total direct labor cost |
| $fill in the blank 5 |
|
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