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for Snare for the first 2 quarters of 2025 . 1. Sales: quarter 1,29,800 bags, quarter 2,43,800 bags, Selling price is $63 per bag. 2. Direct materials: each bag of Snare requires 4 pounds of Gumm at a cost of $4 per pound and 6 pounds of Tarr at $1.75 per pound. 3. Desired inventory levels: 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 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 expected costs to be 125% of direct labor cost, and (2) the direct materiats budget for Tarr shows the cost of Tarr purchases to be $298,000 in quarter 1 and $423,500 in quarter 2. (Note: Do not prepare the manufacturing overhead budget or the direct materials budget for Tarr.) (a) Prepare the sales budget. ORIOLE FARM SUPPLY COMPANY Sales Budget For the Six Months Ending June 30, 2025 Prepare the production budget. ORIOLE FARM SUPPLY COMPANY Production Budget For the Six Months Ending June 30, 2025 ORIOLE FARM SUPPLY COMPANY Production Budget For the Six Months Endiryg June 30, 2025 eTextbook and Media ORIOLE FARM SUPPLY COMPANY Direct Materials Budget-Gumm Quarter 1 2. + Prepare the selling and administrative expense budget. Prepare the selling and administrative expense budget