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Graham Corporation's budgeted production schedule, by quarters, for the coming year is as follows: Quarter 1 = 25,500 units Quarter 2 = 22,000 units Quarter

Graham Corporation's budgeted production schedule, by quarters, for the coming year is as follows: Quarter 1 = 25,500 units Quarter 2 = 22,000 units Quarter 3 = 20,000 units Quarter 4 = 27,000 units Each unit of product requires three pounds of direct material. The company's policy is to begin each quarter with 25% of that quarter's direct materials production requirements. What would be Graham's budgeted direct materials purchases for the second quarter of the year?

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  • 63,375 pounds.

  • 64,500 pounds.

  • 66,000 pounds.

  • 67,500 pounds.

  • 81,000 pounds.

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