Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION Problem 21-1A Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for snare quarters of 2017. em 21-1 1. Sales: quarter 1, 28,500 bags; quarter 2, 42,500 bags. Selling price is $62 per bag. 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 Results by Type Inventory objective January 1 April 1 18,500 8,100 12,400 Snare (bags) 10,300 13,200 9,100 Gumm (pounds) 25,500 20,300 14,300 Tarr (pounds) 4. Direct labor: direct labor time is 15 minutes per bag at an hourly rate of s16 per hour. and administrative expenses are expected to be 15% of sales plus $177,000 per quarter. 6- Interest expense 7. taxes are expected to be 30% of income before income taxes. Your assistant has prepared two (1) the manufacturing overhead budget shows expect costs to be of direct labor cost, and (2) the dire for the cost of Tarr s 299.000 in quarter 1 and s 25.500 in 2. prepare the sales budget. COOK FARM SUPPLY COMPANY Sales Budget Division af Mahn As Rights Reserved