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Oriole Farm Supply Company manufacturesand sells a pesticide calfed Snare. The following data are available for preparing budgets for Share for the first 2 quarters of 2025 . 1. Silec 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 inventorylevels: 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 materials bendget for Tarr shows the cost of Tarr purch $ ses 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. Prepare the production budget Prepare the production budget