Specialty Products, Inc., produces fire retardant tarps. The company expects to produce $8,320$ units in the first quarter, $13,260$ units in the second quarter, $15,080$ units in the third quarter, and $11,260$ units in the fourth quarter $($this information is derived from the previous exercise$).$ With regards to direct materials, each unit of product requires $8$ yards of material, at a cost of $$4$ per yard. Management prefers to maintain ending raw materials inventory equal to $15$ percent of next quarters materials needed in production. Raw materials inventory at the end of the fourth quarter budget period is estimated to be $14,000$ yards. With regards to direct labor, each unit of product requires $3$ labor hours at a cost of $$16$ per hour. Required: Prepare a direct materials purchases budget for Specialty Products, Inc. Prepare a direct labor budget for Specialty Products, Inc.