A company has budgeted direct materials purchases of $370000 in July and $530000 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: $160000 73000 Wages Expense Purchase of office equipment Selling and Administrative Expenses Depreciation Expense 50000 37000 The budgeted cash disbursements for August are O $765000. O $802000. O $715000. O $482000. Sheridan Company is preparing its direct labor budget for May. Projections for the month are that 28400 units are to be produced and that direct labor time is three hours per unit. If the labor cost per hour is $12, what is the total budgeted direct labor cost for May? O $979200. o $1000800. O $1296000. O $1022400