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 2022 . 1. Sales: quarter 1,40,000 bags, quarter 2,56,000 bags Selling price is 560 per bag. 2. Direct materials each bag of Snare requires 4 pounds of Gumm at a cost of $3.8 per pound and 6 pounds of Tarr at $1.50 per pound. 3. Desired imventorylevels: 4. Directlabor: direct labor time is 15 minusen per bas at an hourly rate of 516 per hour. 5. Selling and administrative expenses are expected to be 15% of sales plus $175,000 per quarter. d. Interest expense is $100,000. 7. Income taxes are expected to be 205 of income before income taves. Prepare the sales budget. Prepare the production budzet. Production Budget For the Sox Months Ending June 30. 2022 Quarter