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This whole post is just portion B if you could help me out with that please :) Cook Farm Supply Company manufactures and sells a
This whole post is just portion B if you could help me out with that please :)
Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for 5 nare for the first 2 quarters of 2022. 1. Sales: quarter 1,40,000 bags; quarter 2,56,000 bags, 5 elling price is 560 per bag. 2. Direct materials: each bag of Snare requires 4 pounds of Gumm at a cost of $3.8 per pound and 6 pounds of Tarr at $1.50 per pound. 3. Desired inventory levels: 4. Direct labor: direct labomime 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 $175,000 per quarter. 6. Interest expense is $100,000. 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 budget for Tarr shows the cost of Tarr purchases to be $297.000 in quarter 1 and $439,500 in quarter 2. Prepare the direct materials budget, (Round Cost per pound onswers to 2 decimal ploces, es. 52. 70) Prepare the direct labor budget. (Enter Direct labor time per unit in proportian to hours, es for 45 minuter the proportion will be 075 ) Pvepare the direct labor budget. finter Direct isbor time per unit in poportion to houn, 4.4 for 45 minutre the propertion will be 0.75.) Prevare the sellire and administrathe expense budeet. Attempts: 0 of 3 sied (c) The giarts of thai question mum be compieted in order, This part wal be available when foricideriete the part above Step by Step Solution
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