A company has budgeted direct materials purchases of $360000 in July and $520000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted:

Wages Expense	$150000
Purchase of office equipment	72000
Selling and Administrative Expenses	49000
Depreciation Expense	36000

The budgeted cash disbursements for August are

$694000.

$472000.

$779000.

$743000.

2.

Sheffield Corp. is preparing its direct labor budget for May. Projections for the month are that 31000 units are to be produced and that direct labor time is three hours per unit. If the labor cost per hour is $16, what is the total budgeted direct labor cost for May?

1449600.

1411200.

1488000.

2304000.

3. Swifty Corporation is planning to sell 500 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Swifty has 4800 pounds of clay mix in beginning inventory and wants to have 3700 pounds in ending inventory. What is the total amount to be budgeted for manufacturing overhead for the month?

$11000

$19140

$2750

$4785