Question 7 Answer saved Points out of (Ch9) Expected direct materials purchases in Read Company are $80,000 in the first quarter and $70,000 in the second quarter. The company pays 40% of the purchases in cash as incurred, and the rest is paid in the following quarter. The budgeted cash payments in the second quarter are 1.00 P Flag question Select one: a. $72,000. O b. $76,000. c. $78,000. O d. $90,000. Clear my choice