fill in the blanks on the bottom portion

1-Jul 55,000 50,000 The Container Co. manufactures and sells SnapTite Tupperware. The following data are available for preparing budgets for SnapTite 1. Expected Sales: 01. 100,000 containers: 02. 125,000 containers. Selling price is $10 per container. 2. Direct materials: each container requires 1 lid at a cost of $2.00 per lid and 1 base at $3.00 per base. 3. Desired inventory levels: Type of Inventory 1-Jan 1-Apr Containers (plece) 45,000 Lid (piece) 60,000 55,000 50,000 Base (plece) 55,000 50,000 45,000 4. Direct labor direct labor time is 3 minutes per container at an hourly rate of $15 per hour 5. Selling and administrative expenses are expected to be 10% of sales plus $100,000 per quarter. 6. Interest expense is $75,000 7. Income taxes are expected to be 25% of income before income taxes. Note: The manufacturing overhead budget shows expected costs to be 100% of direct labor cost. Instructions: Complete the supporting budgets below by quarters for the first 6 months of 2022 and calculate the cost per container Direct Labor Budget (FILL-IN-THE-BLANK) Q1 Q2 95,000 120,000 0.05 0.05 Units to be Produced Direct Labor Time per Unit Total Required Direct Labor Hours Direct Labor Cost per Hour 4,750 6,000 15.00 15.00 Total Direct Labor Cost 71,250 90,000 Selling & Admin. Expense Budget (FILL-IN-THE-BLANK) Q1 Q2 Variable Expenses Fixed Expenses Total Expenses What is the cost per container