Cook Farm Supply Company manufactures and sells a pesticide called Smare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2020, 1 Sales quarter 1.29,800 bags quarter 2,43,800 bags Selling price is $63 pertung Direct materials each bag of Snare requires 4 pounds of Gumm at a costat 53.80 per pound and 6 pounds of Tarra 2 1 $1.75 per pound Desired inventory levels Type af inventory Snare (bas) Gumm (pounds) Tart (pounds) January 1 8.200 9.500 14.100 April 1 12.100 10.100 20 300 July 1 18,500 13.200 25.200 4 Direct labor direct labor time is 15 minutes per bag at an hourly rate of $16 per hour Selling and administrative expenses are expected to be 15% of sales plus $180.000 per quarter. Interest expense is $100.000 Income taxes are expected to be 30% of income before income taxes 0 7 Your assistant has prepared two budgets (11 the manufacturing overhead budget shows expected casts to be 125% of direct lobor cost, and (2) the direct materials budget for Ter shows the cost of Tarr purchases to be $298.000 in quarter 1 and $423.500 in quarter 2 Prepare the sales budget. COOK FARM SUPPLY COMPANY Sales Budget Quarter Six Months 1 2 $ $ COOK FARM SUPPLY COMPANY Production Budget Quarter 1 2 > > COOK FARM SUPPLY COMPANY Direct Materials Budget-Gumm Quarter 1 2 $ $ $ $ COOK FARM SUPPLY COMPANY Direct Labor Budget Quarter 1 2 Mc