FINANCIAL FORECASTING

5 Vision Inc. anticipates sales of P390,000 from January through April. Materials will represent 50% of sales, and because of level of production, material purchases will be equal for each month during the four months of January to April. Materials are paid for one month after the month purchased. Materials purchased in December of last year were P35,000 (half of P70,000 in sales). Labor costs for each of the four months are slightly different due to a provision in the labor contract in which bonuses are paid in February and April. The labor figures are: January February March April 25,000 28,000 25,000 30,000 Fixed overhead is P21,000 per month. How much is the cash payments for April? 6 Using the date on #5, how much is the accounts payable