(a) Your answer is partially correct. Try again. Prepare the sales budget. COOK FARM SUPPLY COMPANY Sales Budget For the Six Months Ending June 30, 2020 Quarter 2 Six Months Production Units 29400 42600 72000 Unit Selling Price 63 63 63 Total Sales 1852200 2683800 4536000 Prepare the production budget. COOL ADMIN Prepare the production budget. COOK FARM SUPPLY COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter Six Months 1 2 Expected Unit Sales 29400 42600 Add Desired Ending Finished Goods Units 12200 18100 Total Required Units 41600 60700 Less Beginning Finished Goods Units 8100 12200 Required Production Units 33500 48500 82000 SHOW ANSWER LINK TO TEXT LINK TO TEXI By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set b s (b) Your answer is partially correct. Try again. Prepare the direct materials budget. (Round Cost per pound answers to 2 decimal places, e.g. 52.70.) COOK FARM SUPPLY COMPANY Direct Materials Budget-Gumm For the Six Months Ending June 30, 2020 Quarter Six 1 2 Months Units to be produced 33500 48500 Direct Materials per Unit 4 Total Pounds Needed for Production 134000 194000 Add v Desired Ending Direct Materials (Pounds) 10100 13200 Total Materials Required 144100 207200 Beginning Direct Materials (Pounds) 9500 10100 Desired Ending Direct Materials (Pounds) 134600 197100 Cost per pour 3.80 3.80 Total cost of Direct Materials Purchases 511480 748980 1260460 Prepare the direct labor budget. (Enter Direct lahor tim Prepare the direct labor budget. (Enter Direct labor time per unit in proportion to hours, e.g. for 45 m COOK FARM SUPPLY COMPANY Direct Labor Budget For the Six Months Ending June 30, 2020 Quarter Six Months 2 Units to be produced 33500 48500 > Direct Labor Time (Hours) per Unit 0.25 0.25 Total Required Direct Labor Hours 8375 12125 Direct Labor Cost per Hour 16 16 Total Direct Labor Cost 134000 194000 328000 Prepare the colline and Prepare the selling and administrative expense budget. COOK FARM SUPPLY COMPANY Selling and Administrative Expense Budget For the Six Months Ending June 30, 2020 Quarter 1 Six Months 2 Sales 1852200 2683800 4536000 Variable Expenses 277830 402570 680400 Fixed Expenses 179000 179000 358000 Total Selling and Administrative Expenses 456830 581570 1038400 SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT By accessing this question Assistance, you will learn while you cam points based on the Point Potential Policy set by your in Prepare the budgeted multiple-step income statement for the first 6 months. (Round intermediate calculat COOK FARM SUPPLY COMPANY Budgeted Income Statement > > LINK TO TEXT LINK TO TEXT