Martinez Company manufactures and sells a gestiode called Share. The following data de available for preparing budgets for Sare la test 1. Sales quarter 1, 29,100 bags quarter 2, 42,200 bags Selling price is $63 per bag 2. Direct materials: each bag of Sare requires 5 pounds of Gurmat a cost of $3,80 per pound and 6 pounds of Tort at $1.50 per pound 3. Desired inventory levels Type of Inventory January 1 April Huly 1 50200 12,200 18.400 Gurm (pound) 9,00 10,300 13,200 Tony Counds) 14,500 20,100 25,300 4. Duect labor det lobortimes 15 minutes per bag an hourly rate of super hour 5. Seting and administrative penses repected to be 15 plus 5179.000 per Interest expense is $100,000 Income taxes are expected to be 30% of income before comes Your assistant has prepared two budget) the manufacturing ved budget shows expected costs to be 125% of direct labor cost, and the direct material budget for Tur shows the cost of parchave to be $300,000 in quarter 1 and 5436,500 in Quarter Prepare the production budget. MARTINEZ COMPANY Production Budget For the Six Months Ending June 30, 2017 Quarter Six Months 1 2 Total Pounds Needed for Production 1833300 2658600 Add y Desired Ending Direct Materials Total Materials Required Beginning Direct Materials IDE Total Cost of Direct Materials Purchases Click if you would like to Show Work for this question: Open Show Work