4 pts Cracker Corporation's budgeted schedule, by quarters, for the coming year is as follows: Quarter 1 - 22,500 units Quarter 2- 19,000 units Quarter 3 17,000 units Quarter 4 = 24,000 units Each unit of product requires three pounds of direct material. The company's policy is to begin each quarter with 30% of that quarter's production requirements. Graham expects to have 50,000 pounds of direct material on hand at the beginning of Quarter 1. What would be Cracker's budgeted direct material purchases (in pounds) for the first quarter? 17,500 pounds O 34,600 pounds O 37,750 pounds O 67,100 pounds 84,600 pounds