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continued from previous question The Container Co. manufactures and sells snapTice Tupperware. The following data are available for preparing budgets for Snaptice for the first 2 quarters of 2022. 1. Expected Sales: 01. 100.000 containers 02. 125.000 containers Selling price is $10 per container 2. Direct materials each container requires 1 d 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 piece) 55.000 50.000 45.000 Lid piece) 60.000 55,000 50,000 Base (piece) 55.000 50.000 45.000 4. Direct labor direct labor time is 3 minutes per container at an hourly rate or 515 per hour 5. Selling and administrative expenses are expected to be 10% of sales plus $100,000 per quanto 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 containet. Direct Labor Budget. (FILL-IN-THE-BLANK) Q1 Q2 Units to be produced Direct Labor Time per Unit Total Required Direct Labor Hours Direct Labor Cost per Hour Total Direct Labor Cost (continued from previous question The Container Co. manufactures and sells Snap Tite Tupperware. The following deed are available for preparing budgets for Snaptice for the first quarters of 2022. 1. Expected Sales: 01, 100.000 containers, 92, 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 1.Jul Containers (piece) 55,000 50,000 45,000 Lidice) 60.000 50.000 30.000 Base plece 55.000 45.000 4. Direct labor direct labor time is 3 minutes per container at an hourly rate of 515 per hour 5. Selling and administrative expenses are expected to be 10% of sales plus 5100,000 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. (EILL-IN-THE-BLANK) Q1 Q2 50.000 Units to be produced Direct Labor Time per Unit Total Required Direct Labor Hours Direct Labor Cost per Hour Total Direct Labor Cost