Question 25 2.5 pts A company has budgeted direct materials purchases of $330000 in July and $540000 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. All selling and administrative expenses are paid in cash as incurred. During August, the following items were budgeted: Wages Expense $220000 Purchase of office equipment 75000 with cash Selling and Administrative 51000 Expenses Depreciation Expense 27000 Budgeted cash disbursements for direct material purchase in August are 393000 540000 330000 O477000