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BLOSSOM FARM SUPPLY COMPANY Direct Materials Budget-Gumm For the Six Months Ending June 30, 2025 Quarter 1 Desired Ending Direct Materials (Pounds) Total Materials Required Beginning Dircct Materials (Pounds) Direct Materials Purchases Totai Cost of Direct Materisls Purchoses. 2 Prepare the direct labor budset, (Enter Direct labor time per unit in proportion to hours, es for 45 minutes the proportion will be a 75 ) BLOSSOM FARM SUPPLY COMPANY Direct Labor Dudget Fon the Six Mantis Endier June 30,2023 Prepare the budgeted multiple-step income statement for the first 6 months. (Round intermediate calculotions to 2 decimal ploces and final answer to 0 decimol places, eg. 1,255.) BLOSSOM FARM SUPPLY COMPANY Budgeted Income Statement For the Six Months Ending June 30,2025 v Sales Cost of Goods Sold Selling and Administrative Expenses income from Operations. income Before Income Tax Income Tax Expense $ BLOSSOM FARM SUPPLY COMPANY Sales Budget For the Six Months Ending June 30, 2025 Quarter Six 1 2 Months Prepare the production budget. BLOSSOM FARM SUPPLY COMPANY Production Budget For the Six Months Ending June 30, 2025 eTextbook and Media For the Six Months Ending June 30,2025 v Quarter 1 Becinvine Direct Materials (Pounds) Desired Ending Finished Goods Units Total Required Direct Labor Hours Expected Unit Sales Direct Materials ber Unit. Prepare the selling and administrative expense budget. 2 BLOSSOM FARM SUPPLY COMPANY Selling and Administrative Expense Budget For the Six Months Ending June 30, 2025 Quarter 1 Variabie Expenses Totar Selling and Administrative Expenses 2 eTextbook and Media 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 2025. 1. Sales: quarter 1,29,200 bags; quarter 2,43,200 bags. Selling price is $61 per bag. 2. Direct materials: each bag of Snare requires 5 pounds of Gumm at a cost of $4 per pound and 6 pounds of Tarr at $1.50 per pound. 3. Desired iriventory levels: 4. Direct labor: direct labor time is 15 minutes per bag at an hourly rate of $16 per hour. 5. Selling and administrative experses are expected to be 15% of sales plus $180,000 per quarter. interest expense is $100,000 for the 2 quarters. 7. Income taxes are expected to be 20% of income before income taxes. Your assistant has prepared two budgets: (1) the manufacturing overhead budget shows expectod costs to be 125% of direct labor cost. and (2) the direct materials budget for Tarr shows the cost of Tarr purchases to be $301.000 in quarter 1 and $425,500 in quarter 2 Wote Do not prepare the manufacturing overhead budget or the direct materials budget for Tard)