all 1 problem

Crane Farm Supply Company manufactures nd sells a pesticide called Snare. The following data are available for preparing budgets for Snare tor the first 2 quarters of 2022 1 Sales: quarter 1,28,600 bags; quarter 2,43,400 baps. Selling price is $62 per bag: 2. Direct materials each bag of Snare requires 5 pounds of Gumm at a cost of $4 per pound and 6 pounds of farr at $1.50 per pound 3. Desired inventorylevels: 4. Direct labor direct labor time is 15 minutes per bag at an hourly rate of $16 per hour. 5. Selling and administrative expenses are expected to be 15% of sales plus $178,000 per quarter. 6. Interest expense is $100,000 7. Income taxes are expected to be 20% of income before income taxes. Your assistant has prepared two budgets: (1) the manufacturing overhead budget shows expected costs to be 125% of direct labor cost, and (2) the direct materials budget for Tarr shows the cost of Tarr purchases to be $299,000 in quarter 1 and $426,500 in quarter 2 (Note Do not prepare the manufacturing overhead budget or the direct materials budget for Tarr) Prepare the sales budget CRANE FARM SUPPLY COMPANY Production Budget \begin{tabular}{ccc} Quarter & \\ 1 & 2 & Six \\ \hline \end{tabular}