Homework Question 1 of 2 > View Policies 29.23/50 Show Attempt History Current Attempt in Progress Blossom 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 2022 1 Sales: quarter 1. 28.400 bags: quarter 2. 43.800 bags Selling price is $61 per bag. 2. 3 Direct materials: each bag of Snare requires 4 pounds of Gumm at a cost of $4 per pound and 6 pounds of Tarr at $1.5 per pound Desired inventory levels Type of Inventory January 1 April 1 July 1 Snare (bag) 0.500 12.100 10,100 Gumm (pounds) 9.300 10,500 13.100 Tarr (pounds) 14.200 20.100 25.100 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 $177,000 per quarter Interest expense is $100.000 7 Income taxes are opected to be 20% of income before income taxes