Cook Farm Supply Comoany manufactures and sells a besticide called Snare. The followini data are ivallable for preparing budpets for Snare for the first 2 quarters of 2020 . 1. 5alet: quarter 1,29,400 bacs quarter 2,42,600 bass Selling price is $63 per bae 2. Direct materials each bas of Share requires 4 pounds of Gumm at a cost of $3.80 per pound and 6 pouinds of Tarr at 51.75 per? pound. 3. Desiredimentory levels 4. Direct labori direct labor ume is 15 minutes per bag at an hourly rate or $16 per hour 5. Selling and administrative expenses are expected to be 15% of sales plus 5179,000 per quarter. 6. Interest expense is $100,000. 7. Income taxes are expected to be 308 of income before income taxes Prepare the production budset