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The Container Co. manufactures and sells SnapTite Tupperware. The following data are available for preparing budgets for SnapTite for the first 2 quarters of 2022. 1. Expected Sales: 01. 100.000 containers; Q2, 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 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 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. Production Budget_(FILL-IN-THE-BLANK) Q1 Q2 Expected Unit Sales + Desired ending FG Units = Total Required Units - Beginning FG Units Required Production Units Direct Materials Budget - Lid (FILL-IN-THE-BLANK) Q1 Q2 Units to be produced Direct Materials per Unit Total Pieces Needed for Production Desired Ending Direct Materials Total Materials Required - Beginning Direct Materials Direct Materials Purchases Cost per Piece Total Cost of Direct Materials Purchases