Question 24 A company has budgeted direct materials purchases of $400,000 in March and $640,000 in April. 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 April, the following items were budgeted Wages Expense $200,000 Purchase of office equipment 96,000 Selling and Administrative Expenses 64,000 Depreciation Expense 48,000 The budgeted cash disbursements for April are