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A company has budgeted direct materials purchases of $400,000 in March and $350,000 in April. Past experience indicates that the company pays for 60% of

A company has budgeted direct materials purchases of $400,000 in March and $350,000 in April. Past experience indicates that the company pays for 60% of its purchases in the month of purchase and the remaining 40% in the next month. During April, the following items were budgeted:

Wages Expense $200,000

Purchase of office equipment 40,000

Selling and Administrative Expenses 35,000

Depreciation Expense 20,000

The budgeted cash disbursements for April are $___________ . Please show all calculations.

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