Cook Farm Supply C mparry manufactures and sells a pesticide called Snare. Th following data are avaifable for preparing budgets for Snare for the first 2 quarters of 2022 1. Salessquarter 1,40,000 bags: quarter 2,56,000 bags. Selling price is 560 per bag. 2. Direct materials: each bag of Srare requires 4 pounds of Gumm at a cost of $3.8 per pound and 6 pounds of Tarr at $1.50 per pound, 3. Desiredinventory levels: 4. Direct labor: direct labor time is 15 minutes per bas at an hourly rate of $16 per hour. 5. Selling and administrative experses are expected to be 15% of sales plus $175,000 per quafter. b. Interest expenseis $100,000. 7. Income taxes are cxpected to be 205 of income before incomie taxis Question 4 of 5 COOK FARM SUPPLY COMPANY Production Budget For the Six Monthe Ending hune 302022 Quarter Expected Unit Sile: Add v : 1 2 1 Preparthe wefirg and administrative expense butyel. Prepare the selling and administrative expense budget