A company has budgeted direct materials purchases of $400000 in July and $560000 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 $250000 Purchase of office equipment 82000 Selling and Administrative 58000 Expenses Depreciation Expense 46000 The budgeted cash disbursements for August are $512000. $902000. $948000. $844000