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 2020.

1.		Sales: quarter 1, 28,400 bags; quarter 2, 42,600 bags. Selling price is $61 per bag.
2.		Direct materials: each bag of Snare requires 4 pounds of Gumm at a cost of $3.80 per pound and 6 pounds of Tarr at $1.75 per pound.
3.		Desired inventory levels:

Type of Inventory		January 1		April 1		July 1
Snare (bags)		8,400		12,300		18,100
Gumm (pounds)		9,200		10,200		13,400
Tarr (pounds)		14,500		20,200		25,300

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 $176,000 per quarter.
6.		Interest expense is $100,000.
7.		Income taxes are expected to be 30% 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 $303,000 in quarter 1 and $425,500 in quarter 2. (Note: Do not prepare the manufacturing overhead budget or the direct materials budget for Tarr.)

7. Income taxes are expected to be 30% UI MIUI Your assistant has prepared two budgets: (1) the manufacturing overhead budget shows expected cost 1 and $425,500 in quarter 2. (Note: Do not prepare the manufacturing overhead budget or the direct materials budget for Tarr.) 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 Months ype here to search olie a OO Prepare the production budget. COOK FARM SUPPLY COMPANY Production Budget Quarter SIX Months LINK TO TEXT Prepare the direct materials budget. (Round cost per pound answers to 2 decimal places, no. 52.70.) COOK FARM SUPPLY COMPANY Direct Materials Budget Gumm Quarter Months LINK TO TEXT Prepare the direct materials budget. (Round Cost per pound answers to 2 decimal places, e.g. 52.70.) COOK FARM SUPPLY COMPANY Direct Materials Budget Gumm Quarter Months Prepare the direct labor budget. (Enter Direct labor time per unit in proportion to hours, e.o. for 45 minutes the p COOK FARM SUPPLY COMPANY Direct Labor Budget Quarter Prepare the selling and administrative expense budget. COOK FARM SUPPLY COMPANY Selling and Administrative Expense Budget Quarter e Type here to search 2502 Prepare the selling and administrative expense budget. COOK FARM SUPPLY COMPANY Selling and Administrative Expense Budget Quarter Months Prepare the budgeted multiple-step Income statement for the first 6 months. (Round intermediate calculations to 2 decimal places COKOK FARH SUPPLY COMPANY Budgeted Income Statement e Type here to search Gadwa 2502 Qallo 3000 Full Walls