need help with the following

1.

Oriole Electronics Inc. produces and sells two models of calculators, XQ103 and XQ104. The calculators sell for $20 and $30, respectively. Because of the intense competition Edington faces. management budgets sales semiannually. Its projections for the rst 2 quarters of 2022 are as fol lows. Unit Sales Product Quarter 1 Quarter 2 XQ- 103 20.800 22,880 XQ- 104 12.480 15,600 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2022. List the products and show for each quarter and forthe 6 months, units, selling price, and total sales by product and in total. Quarter 1 Product Units Selling Price Total Sales Units )(Q-103 $ $ xq-1u4 Totals $ OLE ELECTRONICS INC. Sales Budget Quarter 2 Six Months Selling Price Total Sales Units Selling Price Six Months Total Sales Units Selling Price Total Sales $ $ $ $current Attempt In Progress Sheridan Farm Supply Company manufactures and sells a pesticide called Snare. The fol lowing data are available for preparing budgets for Snare for the first 2 quarters of 2022. 1. Sales: quarter 1, 23,200 bags; quarter 2, 42,400 bags. Selling price is $63 per bag. Direct materials: each bag of Snare requires4 pounds of Gumm at a cost of $4 per pound and 6 pounds of Tarr at $ 1.75 per pound. 3. Desired inventory levels: Type of Inventory January 1 April 1 July 1 Snare (bags) 8,200 1 2,200 18,100 Gumm [pounds] 9,100 10,400 13,300 Tarr (pou nds]I 14,500 20,400 25,200 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 $180,000 per quarter. 6. Interest expense is $100,000. 1 Income taxes are expected to be 20% of income before income taxes. Your assistant has prepared two budgets: {1] the manufacturing overhead budget shows expected 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 $422,500 in quarter 2. (Note: Do not prepare the manufacturing overhead budget or the direct materials budget for Tarr.) Prepare the selling and administrative expense budget. SHERIDAN FARM SUPPLY COMPANY Selling and Administrative Expense Budget For the Six Months Ending June 30, 2022 V Quarter Six 1 2 Months s in Units V $ ises V to 266,490 LA 400,680 667,170 S V 180,000 180,000 360,000 d Administrative Expenses V 446,490 580,680 1,027,170