Sarasota 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% of the next month's production needs for the Deluxe product. Direct materials inventory on hand at June 30 were 9,540 pounds for the Regular product and 15,800 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. SARASOTAMANUFACTURING Direct Materials Budget-Regular For the Quarter Ended September 30, 2022 SARASOTAMANUFACTURING Direct Materials Budget-Regular For the Quarter Ended September 30, 2022 SARASOTAMANUFACTURING Direct Materials Budget-Deluxe For the Quarter Ended September 30, 2022 July August 11400 5 79000 5 79000 15800 $ 8 $ Save for Later Attempts: unlimited Submit