1. Zyda Mon has budgeted its activity for December according to the following information:

Sales is at P400,000, all for cash

The budgeted depreciation for December is P10,000

The cash balance on December 1 was P10,000

Selling and administrative expenses are budgeted at P40,000 for December and are paid in cash.

The planned merchandise inventory on December 31 and December 1 is P12,000

The invoice cost for merchandise purchases represents 75% of the sales price. All purchases are paid for in cash.

How much is the budged cash disbursements for December?

a. P230,000

b. P340,000

c. P350,000

d. P328,000