Multiple Choice Question 110 A company has budgeted direct materials purchases of $330000 in July and $490000 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 equipment Selling and Administrative Expenses Depreciation Expense $120000 69000 46000 33000 The budgeted cash disbursements for August are $631000. $442000. $677000. $710000