Cheyenne Manufacturing manufactures two products, (1) Regular and (2) Deluxe. The budgeted units to be produced are as follows: Units of Product 2022 Regular Deluxe Total July 11,500 15,300 26,800 August 5,200 10,000 15,200 September 9,400 14,100 23,500 October 7,900 12,600 20,500 It takes 2 pounds of direct materials to produce the Regular product and 5 pounds of direct materials to produce the Deluxe product. It is the company's policy to maintain an inventory of direct materials at the end of each month equal to 30% of the next month's production needs for the Regular product and 20% of the next month's production needs for the Deluxe product. Direct materials inventory on hand at June 30 were 6,900 pounds for the Regular product and 15,300 pounds for the Deluxe product. The cost per pound of materials is $6 for the Regular product and $8 for the Deluxe. Prepare separate direct materials budgets for each product for the third quarter of 2022. CHEYENNEMANUFACTURING Direct Materials Budget-Regular V July August September $ $ $ $ $ $ CHEYENNEMANUFACTURING Direct Materials Budget-Deluxe July August September