* Question Completion Status: QUESTION 7 Given the following information, the direct material purchase budget for Q2 is Company X has the following budgeted sales: Q1 Q2 Q3 Q4 Sales 12,000 10,000 11,000 9,000 Usage of DM for production = 8 gallons/unit; Budgeted cost for DM: $8/gallon for Q1, and $9/gallon for Q2-Q4 Beg. Inv. of Finished Goods = 4,500; Beg. Inv. Of DM =40,000 gallons; Target Finished Goods = 30% of Next Quarter's Sales Target DM = 50% of Next Quarter's Usage a. $662,400 O b. $756,000 c. $700,400 Od. $745,200 15 Click Save and Submit to save and submit. Click Save All Answers to save all answers.