A company has budgeted direct materials purchases of $320000 in July and $480000 in August....
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Accounting
A company has budgeted direct materials purchases of $320000 in July and $480000 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 $110000 Purchase of office equipment 68000 Selling and Administrative Expenses 45000 Depreciation Expense 32000 The budgeted cash disbursements for August are
A.$432000.
B.$687000.
C.$655000.
D.$610000.
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