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Can someone please tell me what the correct answers are and why these are not correct? Thank you! COOK FARM SUPPLY COMPANY Production Budget For

Can someone please tell me what the correct answers are and why these are not correct? Thank you!

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COOK FARM SUPPLY COMPANY Production Budget For the Six Months Ending June 30, 2020 v Quarter 1 2 Expected Unit Sales 29800 42400 Total Required Units 6050018100 Less v: Beginning Finished Goods Units \begin{tabular}{|r|} \hline 8300 \\ \end{tabular} COOK FARM SUPPLY COMPANY Production Budget For the Six Months Ending June 30, 2020 V Quarter \begin{tabular}{cccc} \hline & & Six \\ 1 & 2 & Months \\ \hline \end{tabular} \begin{tabular}{r|} \hline 29800 \\ \hline 12400 \\ \hline 42400 \end{tabular} 42400 Finished Goods Units \( \frac{18100}{\hline 60500} \) \begin{tabular}{|r|r|} \hline 8300 & \end{tabular} \begin{tabular}{|r||} \hline 82200 \\ \hline \end{tabular} Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2020. 1. Sales: quarter 1,29,800 bags; quarter 2,42,400 bags. Selling price is $62 per bag. 2. Direct materials: each bag of Snare requires 4 pounds of Gumm at a cost of $3.80 per pound and 6 pounds of Tarr at $1.50 per pound. 3. Desired inventory levels: 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 30% 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 $300,000 in quarter 1 and $426,500 in quarter 2

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