Problem 21-1A Cook Farm Supply Company manufactures and sea pesticide called Snare. The following data are available for preparing budget for Snare for the first 2 urbs of 2017. 1. Sales: Quarter 1.29,300 quarter 2. 42.400 bags Sulling price 563 per baq. 2. Direct males: ach bag of Snare requires pounds of Gurmat ac of $3.8 pur pound and 6 pounds of Tarral $1.50 per pound. 3. Desd ay lives January 1 April 1 12,200 Type of Inventory Saare (bas) Gummpounds) Tart (pounds) July 1 18,500 13,100 25.300 9,300 14,400 20.500 4. Direct labor: direct labor time is 15 minute pe bagat an hourly rate of $14 per hour. 5. Selling and administrative exp e cted to be 15 olsas pa 5175,000 per u 6. Interest axpens S100,000 7. Inclas are espaced to be 30% of income before incolas . Your cart has prepared two bag (1) the manufacturing Overhead budget shows xpected to be 125% of direct labor cost, and (2) the direct materials budget for Tarr shows the cost of are purchases to be $298.000 in quart 1 and 5423,500 in qual 2. Prepare the budget COOK FARM SUPPLY COMPANY Sales Budget Expeed unit Sales Total sales Prepare the production budget COOK FARM SUPPLY COMPANY Production Budget Quarter LINK TO TEXT LINK TO TEXT VIDEO SIMILAR PROBLEM them 5270) (Round Cost par pound ar t e 2 decimal places, COOK PARM SUPPLY COMPANY Dr Mata the direct la budu (Enter Direct labor time per unit in proportion to hours, eg for 45 minutes the pro COOK FARM SUPPLY COMPANY Direct Labor Budget Pathwadada budu COOK PARM SUPPLY COMPANY wing and Administrative panse Budge Quar Prepare the budgeted multiple-step income statement for the first 6 months. (Round intermediate calculations to 2 decimal places and final answer COOK FARM SUPPLY COMPANY Budgeted Income Statement