Question: I don't know how to do this. Please help? Oriole Farm Supply Company manufactures and selis a pesticide called Snare. The following data are avaliable



Oriole Farm Supply Company manufactures and selis a pesticide called Snare. The following data are avaliable for preparing budgets for Snare for the first 2 quarters of 2022 1. Sales: quarter 1,28,400 bags; quarter 2,44,000 bags. Selling price is $62 per bag 2. Direct materials: each bag of Snare requires 4 pounds of Gumm at a cost of $4 per pound and 6 pounds of Tarr at $1.5 per pound. 3. Desired inventory levels: 4. Direct labor: direct labor time 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 $180000 per quarter Interest expenot is 5100,090 7. income takes are expected to be 20% of income before income taxes. Your asistant has prepared two budeets: (1) the manufacturing overhead budget shows expected confs to be 125 of direct babor cest, and (2) the direct materials budget for Jarr shows the cost of Tifr purchases to be $301.000 io quar ter 1 and 5427.500 in quarter 2. (Note: Do not prepare the manufacturine grerhead budget or the direct mater ials butfget for Tarr) Prepare the direct materials budget. (Round Cost per pound answers to 2 decimal ploces, eg 52.70.) Prepare the direct labor budget. (Enter Dinect labor time per unlt in proportion to hours, eg. for 45 minutes the proportion will be 0.75.) Prepare the selling ard administrative expense budget. Prepare the selling and administrative expense budget. Attempts: 0 of 3 used The parts of this question fitut be completed inorder. Dhin part wil bo avalhale whea rou coinglete the part above
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