Prepare the direct labor budget. (Enter Direct labor time per unit in proportion to hours, e.s. for 45 minutes the proportion will be 0.75 .1 Cullumber 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 2022. 1. Sales: quarter 1,29,800 bags; quarter 2,42,400 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 $1.50 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 $178,000 per quarter. 6. Interest expense is $100,000, 7. Income taxes are expected to be 20% of income before income taxes. Prepare the selling and administrative expense budget. CULLUMBER FARM SUPPLY COMPANY Direct Materials Budget-Gumm For the Quarter Ending June 30, 2022 Quarter 1 2 Total Materials Required