Question 59 (1.25 points) Campbell Corporation has the following purchases budget for the last half of the fiscal year: July $100,000 August $80,000 September $110,000 October $90,000 November $100,000 December $94,000 Management practice is to pay 40% at the time of purchase and the remainder during the month following purchase. What are the expected cash disbursements in August? Onone of these O $88,000 O $100,000 O $92,000 O $80,000 Question 58 (1.25 points) Product costing serves: O manufacturing companies with inventory O merchandising companies O service providers O all of the above Question 57 (1.25 points) Using the contribution format income statement based on cost behavior, the impact of increasing direct labor cost by $2 per hour would cause: O none of these. O a decrease in the contribution margin ratio. O an increase in the contribution margin ratio. O a reduction in the number of units sold to reach the breakeven point. O a change in total fixed costs