MESSAGE MY INSTRUCT ESOURCES Problem 9-1A (Part Level Submission) nework Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data 2017. are available for preparing b 1. Sales: quarter 1, 28,400 bags; quarter 2, 42,200 bags. Selling price is $62 per bag. 2. Direct materials: each bag of Snare requires 5 pounds of Gumm at a cost of $3.8 per pound and 6 pounds of Tarr at $1.50 3. Desired inventory levels: 3 (Part ssion) rilJuly 1 Type of Inventory Snare (bags) Gumm (pounds) Tarr (pounds) January 1 se 9-3 4 (Pa 8,500 12,30018,100 9,30010,300 13,100 14,30020,50025,100 A (Part ssion 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 $176,000 per quarter, 6. Interest expense is $100,000. 7. Income taxes are expected to be 30% of income before income taxes. Its by tive Your assistant has prepare d two budgets. (1) the manufactur ng overhead budget shows expected costs to be 125% of direct lab budget for Tarr shows the cost of Tarr purchases to be $299,000 in quarter 1 and $427.500 in quarter 2 Your answer is partially correct. Try again. Prepare the sales budget COOK FARM SUPPLY COMPANY ement l Pnvac.Palur I 2000-2015 Ask me anything