Preston, Inc., manufactures wooden shelving units for collecting and sorting mail. The company expects to produce 280 units in July and 400 units in August. Each unit requires 14 feet of wood at a cost of $1.30 per foot. Preston wants to always have 270 feet of wood on hand in materials inventory. Compute Preston's direct materials purchases budget for July and August. Budgeted direct materials purchases July August Winslow Company expects sales of its financial calculators to be $213,000 in the first quarter and $254,000 in the second quarter. Its variable overhead is approximately 17 percent of sales, and fixed overhead costs are $49,000 per quarter. Compute Winslow's manufacturing overhead budget for the first two quarters. 1st Quarter 2nd Quarter Budgeted manufacturing overhead