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Sheffield Farm Supply Company manufactures and sells a fertilizer called Share. The following data we wait for your for Snare for the first two quarters of 2022. 1. Sales: Quarter 1. 30.000 bus quarter 2.44,000 aps. Selling price is $5 per but 2. Direct materiale:Each bag of Snare requires thg of Gumma 54.00 per kilogram and olg of To 51.50 per kilogram 3 Desired inventory levels July 1 Type of inventory Share bags January 1 April 1 7000 13,000 10.000 9.000 17 000 Gummi 12.000 Tarr 15.000 21.000 26,000 4. Direct labour: Direct labour time is 15 minutes per bag at an hourly rate of $12.00 per hour 5. The company expects selling and administrative expenses to be 15% of sales plus 5177,000 per quarter 6. It expects income taxes to be 30% of income from operations Gumm (kg) 10,000 9.000 12,000 Tarr (kg) 15.000 21,000 26,000 4. Direct labour: Direct labour time is 15 minutes per bag at an hourly rate of $12.00 per hour 5. The company expects selling and administrative expenses to be 15% of sales plus $177,000 per quarter. 6. It expects income taxes to be 30% of income from operations Your assistant has prepared two budgets: (1) The manufacturing overhead budget shows expected costs to be 150k of direct labour cost. (2) The direct materials budget for Tarr shows the cast of Tarr purchases to be $296,000 in quarter 1 and 5435.000 in quarter 2 Prepare the following operating budgets by quarters. (Note: Classity items as variable and faxed in the selling and administrative expenses budget.) Do not prepare the manufacturing overhead budget or the direct materials budget for Tart. Prepare the direct labour budget by quarters (Round direct labour hours per unit to 2 decimal please SHEFFIELD FARM SUPPLY COMPANY Direct Labour Budget For the Six Months Ending June 30, 2022 Quarter 50 2