A company has budgeted direct materials purchases of $300,000 in July and $480,000 in August. Past experience indicates that the

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4 years ago

9

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 Depreciation Expense 36,000 The budgeted cash disbursements for August are what ?

Mathematics