Concord Manufacturing manufactures two products, (1) Regular and (2) Deluxe. The budgeted units to be produced are as follows: It takes 3 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.k of the next month's production needs for the Deluxe product. Direct materials inventory on hand at June 30 were 9,810 pounds for the Regular product and 15,400 pounds for the Deluxe product. The cost per pound of materials is $5 for the Regular product and $9 for the Deluxe. Prepare separate direct materials budgets for each product for the third quarter of 2022. y Planning Question 5 of 6 Econ Midterm 2FI F d 14 CONCORDMANUFACTURING Direct Materials Budget-Deluxe Direct Materials Budget-Deluxe July August September Total