Cook Farm Supply Company maneufactures and sells a pestiode called Snare. The following data are available for preparing budgets for Snare f the first 2 quarters of 2020 1. Sales: quarter 1, 29,200 bags; quarter 2, 42,200 bags. Selling price s $63 per bag. 2. Direct materials: each bag of Snare reqires 5 pourds of Gumm at a cost of $,3.80 per pound ard 6 pourdls of larr at $1.50 per pound 3. Desired inventory levels 12,200 18,400 9,300 10,300 13,200 14,500 20, 3002,300 Snare (hags) R,200 Gurrm (pounds) arr (pourvds) 4. Direst labox: drect labor timme s: 15 minates per bog at an hourly rate of $16 per hour 5. Seling and admmustrative expenses are expected to be 15% of sales plas $179,00o per quarter 6. Interest expense is $100,000 7. Income taxes are expo ted to be 30%of mome before nome ta"s, Yo r assistant has preg and two body ts: ( t) the menufacturing overhead b "kr t she s expe ted costs to be 25% of direct ustaw o nt, annd (2 the drect materials budoet for Tarr shows the cost of Tarr purchases to be $303,000 in quarter 1 and $426,500 in quarter 2 (Nete: Do not prepare the mandating overhead budget or the direct materials bdget for Tarr) Prepare the sales budget. O Type here to search TOSHIBA 5 ALT Prepare the sales budget. COOK FARM SUPPLY COMPANY Sales Budget Quarter Six Months Prepare the production budget. COOK FARM SUPPLY COMPANY Production Budget Quarter Six Month 2 3 5 6 COOK FARM SUPPLY COMPANY Sales Budget Quarter Six Months Direct Labor Direct Materials Expected Unit Sales pudget COOK FARM SUPPLY COMPANY Production Budget Production Units Total Sales Unit Selling Price Quarter Mo 2 3 4 5 6 COOK FARM SUPPLY COMPANY Production Budget Quarter Six Months LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Pol Attempts: 0 of 3 used SA 3 4 5 6 Required Production Units Cost per Pound Direct Materials Purchases Desired Ending Direct Materials Total Required Units m/edugen/lti/main.uni Apps Dsign onAdministration logon H MyROCHealt Return to Blackboard ting Principles, 13e Wi Assignm xpected Unit Sales Assignm Desired Ending Finished Goods Units Total Cost of Direct Materials Purchases CALCULA Total Materials Required R. Direct Labor Cost per Hour tal Pounds Needed for Production SUPPLY COMPANY uction Budget Direct Labor Time per Unit Quarter Total Required Direct Labor Hours Months By accessing this Question Assistance, you wall learn while you earn points based on the Point Potential Policy s Attempts: 0 of 3 used sAVE 8 2 3 4 5 6