8 Question 34 (1 point) Listen Win 11 12 S All 15 A company has budgeted direct materials purchases of $300,000 in July and $480,000 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; $150,000; purchase of office equipment, $72,000; selling and administrative Expenses, $48,000; and depreciation expense, $36,000. The budgeted cash disbursements (payments) for August are 17 18 20 21 A) $648,000 Ac durn B) $426,000