Same of the itens in the Satement of Financial Positon as a: 31 December 202 of Lomax Ltd are as The foicwing forecas:s have been made by Lomax Lio for the rirst three moriths of 2DZZ tor the triiks That is produces whicer are sold in oalets (witheach paler comprising 500 brcks): 2.3. The punchases manager expects to pu chase materials to manufacture the following rumber of 4. Sixty percent (60%) of the materials are purchased for cash in order to take advantage of a 5% discount and the baiance is purchased on credit. Creditors are paid in the month after the purchase. 2.5 Direct labour costs are incurred in line with production and will be paid during the manth in which they are incurred 2.6 Variable manufacturing overheads are payable in the month in which they are incurred 2.7 Fixed manufacturing and non-manufacturing costs are expected to amount to R550 000 per month, excluding depreciation of R75000 per month. These costs are payable in the month in which they are incurred. 2.8 The sales commission of 6% is payable in the month in which it is incurred. 2.9. Additional administration costs of R40 per unit soid are payable in the month in which they are incurred. 2.10 2.10 The company will invest 10% of the total sales for March in a notce deposit account on 31 March 2022. 2.11 The balance of the cureent liabilifies as at 31 December 2021 will be settlec durng January 2022