Multiple Choice Question 110 A company has budgeted direct materials purchases of $240 in July and $410000 in August Past expenence 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 Purchase of office equipment Selling and Administrative Expenses Depreciation Expense $60000 63000 39000 27000 The budgeted cash disbursements for August are $521000. - $482000. $35900o. O $548000