Question 3 --/3.41 View Policies Current Attempt in Progress A company has budgeted direct materials purchases of $350000 in July and $510000 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 $140000 Purchase of office equipment 71000 Selling and Administrative Expenses Depreciation Expense 35000 48000 The budgeted cash disbursements for August are I $462000 $673000. $721000. $756000