Current Attempt in Progress Cullumber 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 2025. 1 Sales: quarter 1, 29,400 bags; quarter 2, 42,400 bags. Selling price is $63 per bag. Direct materials: each bag of Snare requires 4 pounds of Gumm at a cost of $4 per pound and 6 pounds of Tarr at $1.50 per 2. pound. 3. Desired inventory levels: gnment: Company Master Budget Question 1 of 1 /1 = i Gumm (pounds) 2,300 10,400 13,100 Tarr (pounds) 14,400 20,500 25,300 4, Direct labor: direct labor time is 15 minutes per bag at an hourly rate of $16 per hour. L Selling and administrative expenses are expected to be 15% of sales plus $176,000 per quarter. 6. Interest expense is $100,000 for the 2 quarters. = limm i B e o b b e DS m e I rm T e e (a) Prepare the sales budget. CULLUMBER FARM SUPPLY COMPANY Sales Budget Quarter Six 1 2 Months v $ $ $ v $ $ $ Prepare the production budget. CULLUMBER FARM SUPPLY COMPANY Production Budget (b) Prepare the direct materials budget. (Round Cost per pound answers to 2 decimal places, e.g. 52.70.) CULLUMBER FARM SUPPLY COMPANY Direct Materials BudgetGumm Quarter (b) Prepare the direct materials budget. (Round Cost per pound answers to 2 decimal places, e.g. 52.70.) CULLUMBER FARM SUPPLY COMPANY Direct Materials BudgetGumm Quarter Six Months Prepare the production budget. CULLUMBER FARM SUPPLY COMPANY Production Budget ment: Company Master Budget Question 1 of 1 - /1 eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer(c) Prepare the budgeted multiple-step income statement for the first 6 months. (Round intermediate calculations to 2 decimal places and final answer to O decimal places, e.g. 1,255.) CULLUMBER FARM SUPPLY COMPANY Budgeted Income Statement ignment: Company Master Budget Question 1 of 1 g =