Vaughn Company has 1,984 pounds of raw materials in its December 31, 2021, ending inventory. Required production for January and February of 2022 are 4,960 and 6,200 units, respectively. Two pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 20% of next month's materials requirements. Prepare the direct materials budget for January VAUGHN COMPANY Direct Materials Budget $ Direct Materials Budget $ $ $ For Concord Company, units to be produced are 4,300 in quarter 1 and 6,020 in quarter 2. It takes 1.6 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2022 CONCORD COMPANY Direct Labor Budget Quarter 1 2 Six Months $ $ 5