Nos. $21-25$ are based on the following data.

Bags Inc. manufactures bags with $3$ zipper$-$type pockets. The company outsource the zippers at P$10$ per unit. Each bag requires $6$ direct labor hours to produce at a rate of P$15$ per hout. Budgeted sales of bags for the first quarter of the year and the first month of the following quarter is as follows:

$\backslash$table$[[$January$,800$ units$],[$February$,1,000$ units$],[$March$,1,200$ units$],[$April$,1,400$ units$],[$May$,1,600$ units$]]$

CS CamScanner

Inventory data are as follows:

Requirement

Variable overhead is $P40$ per unit produced and annual fixed overhead is $P900,00075$ per month

$30\%$ of the total sales are cash sales and the balance are credit sales. The credit sales are collected $50\%$ within the month of sales, $30\%$ the following month and $20\%$ two months after.

$60\%$ of the zipper purchased are paid within the month of purchase and the balance is paid the following month.

The bags are sold for P$150$ per unit.

$21.$ What is the budgeted purchases for January?

A$.P30,000$

B$.P36,000$

B$.$P$64,080$

D$.$P$130,000$

E$.$ ANSWER NOT GIVEN

$22.$ What is the total budget overhead cost for February?

A$,$B$.$P$209,400$

B$.P127,800$

C$.$P$111,800$

$($D$.)P119,800$

E$.$ ANSWER NOT GIVEN

$23.$ What is the total cash collection for sales in February

A$.P45,000$

B$.$P$52,200$

C$.$P$122,700$

C$.P97,500$

E$.$ ANSWER NOT GIVEN

$24.$ What is the accounts payable for March?

$A$

B$.$P$25,632$

C$.$P$52,032$

D$.$P$38,448$

E$.$ ANSWER NOT GIVEN