prepare a direct materials budget, direct labor budget, and selling and admin expense budget

Cultumber Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2022 . 1. Sales: quarter 1,29,400 bags: quarter 2,42,400 bugs. Selling price is $63 per bag: 2. Direct material: each bag of 5 nare requires 4 pounds of Gumm at a cost of $4 per pound and 6 pounds of Tarr at $150 per pound. 3. Desired inventorylevels: 4. Direct labori direct tabor time is 15 inimutes per bagat an hourly rate of $16 per hour: 5. Selling and administrative expenses are expected to be 15% of sles phis $176,000 per quarter: interest expense is $100,000 7. Income tawes are eupected in be 20x of income before incone tawns. Your assistant has prepared two budgets (1) the manulacturing overhead bodget 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 $298,000 in quarter 1 and $423.500 in quarter 2. Woke Donot pregare the manufacturing overbead budget or the direct materials budget for Tarf] (a) Your andwer iscorrect Prepare the saiesbodight CULLUMBER FARM SUPPLY COMPANY Sales Budget For the Six Months Ending June 30,2022 Quarter Prepare the production budget. Prepsre the direct materials budget. (Round Cost per pound answers to 2 decimal places, e. 52.70 ) \begin{tabular}{c} \\ \\ \hline \end{tabular} Prepare the direct labor budget. (Enter Direct labor time per unit in proportion to hours, ey. for 45 minutes the proportion will be Q.75.). CULLUMBER FARM SUPPLY COMPANY Direct Labor Budget Quarter 12SixMonths 5 5 Prepare the selling and administrative expense budget