Question 33 --/1 View Policies Current Attempt in Progress A company has budgeted direct materials purchases of $370000 in July and $530000 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 $160000 Purchase of office equipment 73000 Selling and Administrative Expenses 50000 Depreciation Expense 37000 The budgeted cash disbursements for August are $482000. O $802000. O $765000. O $715000