Zelmer 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 2012. 1. Sales: Quarter 1, 29,000 bags; quarter 2, 43,000 bags. Selling price is $62 per bag. 2. Direct materials: Each bag of Snare requires 4 pounds of Gumm at a cost of $5 per pound and 6 pounds of Tarr at $1.30 per pound. 3. Desired inventory levels: Type of Inventory January 1 April 1 July 1 Snare (bags) 8,300 12,500 18,300 Gumm (pounds) 9,100 10,100 13,000 Tarr (pounds) 14,500 20,500 25,000 4. Direct labor: Direct labor time is 15 minutes per bag at an hourly rate of $14 per hour. 5. Selling and administrative expenses are expected to be 15% of sales plus $180,000 per quarter. 6. Income taxes are expected to be 30% of income from operations. Your assistant has prepared two budgets: (1) The manufacturing overhead budget shows expected costs to be 160% of direct labor cost. (2) The direct materials budget for Tarr shows the cost of Tarr purchases to be $266,760 in quarter 1 and $386,490 in quarter 2. Complete the direct labor budget ZELMER FARM SUPPLY COMPANYDirect Labor Budget For the Six Months Ending June 30, 2012 Quarter Six 1 2 Months Units to be produced Direct labor time (hours) per unit Total required direct labor hours Direct labor cost per hour $ $ Total direct labor cost $ $ $