cost of goods sold budget 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. wax is required to produce a candle. assume 487,125 pounds of material will be purchased during january. the candle wax costs $1.24 per pound.