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Carla Vista 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 2025. 1. Sales: quarter 1,29,400 bags: quarter 2,44,000 bags. Selling price is $61 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 Tarr at $1.75 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 $180,000 per quarter. 6. Interest expense is $100,000 for the 2 quarters. 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 direct materials budget. (Round Cost per pound answers to 2 decimol ploces, eg. 52.70.) Cost per Pound Direct Labor Time (Hours) per Unit Beginning Direct Materials (Pounds) Desired Ending Finished Goods Units Direct Materials Purchases Total Required Direct Labor Hours Total Direct Labor Cost Total Pounds Needed for Production Direct Labor Cost per Hour Desired Ending Direct Materials (Pounds) Direct Materials per Unit Units to be Produced Beginning Finished Goods Units Total Materials Required Expected Unit Sales Total Cost of Direct Materials Purchases Total Required Units Cost per Pound Prebare the direct labor budget. (Enter Direct labor time ner unit in proportion to hours, es. for 45 minutes the pronortion will be 0 . 75 . Prepare the selling and administrative expense budget