part a is done and correct. i need help with part b, which is preparing the direct materials budget, direct labor budget, and the selling and administartive expense budget.

Cook Farm Supply Company manufactures and sells a pesticide called Share. The following data are available for preparing budgets for Snare for the Prst 2 quarters of 2020. 1. Sales: Quarter 1, 29.400 bags; quarter 2, 42,600 bags. Selling price is $63 per bag, 2. Direct materials: each bag of Snare requires 4 pounds of Gumm at a cost of $3.00 per pound and 6 pounds of Tart at $1.75 per pound 3. Desired Inventory levels: Type of Inventory Snare (bags) Gumm (pounds) Tarr (pounds) January 1 8,100 9,500 14,200 April 1 12,200 10,100 20,500 July 1 18,100 13,200 25,400 4. Direct labor: direct labor time is 15 minutes per bag at an hourly rate of $16 per hour. 5. Seling and administrative expenses are expected to be 15% of sales plus $179,000 per quarter. 6. Interest expense is $100,000 7. Income taxes are expected to be 30% 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 Tair shows the cost a Tore purchases to be $301,000 in quarter 1 and $426,500 in quarter 2. (Note: Do not prepare the manufacturing overhead budget or the direct materials budget for Torr.) Your answer is correct. Prepare the sales budget. COOK FARM SUPPLY COMPANY Sales Budget For the Six Months Ending June 30, 2020 Quarter SIX Months Prepare the sales budget. COOK FARM SUPPLY COMPANY Sales Budget For the Six Months Ending June 30, 2020 4 Quarter Six Months 1 2 > > Expected Unit Sales 4 29,400 42,600 72,000 63 63 63 Unit Selling Price >> Total Sales 1,852,200 2,683,800 4,536,000 Prepare the production budget. COOK FARM SUPPLY COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter 1 2 Six Months Expected Unit Sales 29,400 42,600 Add Desired Ending Finished Goods Units 12,200 18,100 Total Required Units 41,600 60,700 Less Beginning Finished Goods Units 8,100 12,200 Required Production Units 33,500 48,500 82,000 Click if you would like to Show Work for this question: Open Show Work (b) Prepare the direct materials budget. (Round Cost per pound answers to 2 decimal places, e.g. 52.70.) COOK FARM SUPPLY COMPANY Direct Materials Budget-Gumm Quarter Six Months 1 2 4 Prepare the direct labor budget. (Enter Direct labor time per unit in proportion to hours, e.g. for 45 minutes the proportion will be 0.75.) COOK FARM SUPPLY COMPANY Direct Labor Budget : Quarter SIX Months 2 Prepare the direct labor budget. (Enter Direct labor time per unit in proportion to hours, e.g. for 45 minutes the proportion will be 0.75.) COOK FARM SUPPLY COMPANY Direct Labor Budget Quarter Six Months 1 2 Prepare the selling and administrative expense budget. COOK FARM SUPPLY COMPANY Selling and Administrative Expense Budget Quarter Six Months 1 2 e $