exxon pays for 40% of its raw materials purchases in the month of purchase and 60% in the following month. if the budgeted cost of raw materials purchases in july is $256,550 and in august is $278,050, then in august the total budgeted cash disbursements for raw materials purchases is closest to:

A budgeted cost is a projected future expense that the company expects to incur. In other words, it is an estimated expense that management expects to incur in the future based on projected revenues and sales.

The difference between your static budget and the actual figures for your company's income and expenses is referred to as "budget vs. actual."

Budget vs. actual is bookkeeping jargon for budget vs. actual variance analysis. Cost budgets detail the costs of running your business, managing a project, or developing a product.

It tells you how much money you expect to pay out over a specific time period and includes items like labour and utility costs.

Therefore,

Catano Corporation pays 40% of its raw material purchases in the month of purchase and 60% in the month following. If the budgeted cost of raw material purchases in July is $256,550 and $278,050 in August,

Cash disbursements:

From July= 256,550 × 0.60 = 153,930

From August= 278,050 × 0.4 = 111,220

Total= $265,150

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