Problem 9-1A Cook Farm Supply Company manufactures and sells a pesticide called snare. The folowing data ae avaaable for preparing budgets for Snare for the first 2 quarters of 2017 Sales: quarter 1.2sioo bagi: ouarter 2,42,200 tags. Seang ance is sesper bag materials each bag of snare requires spounds or Gumm at a cost of s3 per pound and e peures S1.50 per pound. Desired inventory levels: Direct labori drent labor time is 15 minuter per bag at an houry rate ersleper hour Seang and administrative expenses are expected to be 15w of sales plus si Mooo per quarter Interest expense Income taxes are expected to be ofinoame before income saates. Your assistant has prepared two budgets: 1) the manufacturing overhead budget shows expected costs to be 125% of dinect labor cost, and (2) the direct materials budget for Tarr shows the cost of Tam purchases in quarter 1 and s426,500 in quarter 2. (Note: Do not prepare the manutacturing overhead budget or the direct materials budget for Tam) Prepare the sales budget. Sales Prepare the production budget. ZYour answer partially correct. Ty again. Prepare the direct materials budget. (Round Cost per pound answers to 2 decima places, eg. S27a) to hours, es Prepare the direct labor budget. (Enter Direct labor time per unit minutes the proportion wil be 0.75.) Problem 9-1A Cook Farm Supply Company manufactures and sells a pesticide called snare. The folowing data ae avaaable for preparing budgets for Snare for the first 2 quarters of 2017 Sales: quarter 1.2sioo bagi: ouarter 2,42,200 tags. Seang ance is sesper bag materials each bag of snare requires spounds or Gumm at a cost of s3 per pound and e peures S1.50 per pound. Desired inventory levels: Direct labori drent labor time is 15 minuter per bag at an houry rate ersleper hour Seang and administrative expenses are expected to be 15w of sales plus si Mooo per quarter Interest expense Income taxes are expected to be ofinoame before income saates. Your assistant has prepared two budgets: 1) the manufacturing overhead budget shows expected costs to be 125% of dinect labor cost, and (2) the direct materials budget for Tarr shows the cost of Tam purchases in quarter 1 and s426,500 in quarter 2. (Note: Do not prepare the manutacturing overhead budget or the direct materials budget for Tam) Prepare the sales budget. Sales Prepare the production budget. ZYour answer partially correct. Ty again. Prepare the direct materials budget. (Round Cost per pound answers to 2 decima places, eg. S27a) to hours, es Prepare the direct labor budget. (Enter Direct labor time per unit minutes the proportion wil be 0.75.)