Multiple Choice Question 110 A company has budgeted direct materials purchases of $310000 in July and $470000 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 Purchase of office cupment Selling and Administrative Expenses Depreciation Expense $100000 67000 44000 31000 The budgeted cash disbursements for August are $589000 $422000 64000 $633000