ACTIVITY 3.1 Directions: Answer the following problems. Write your answers on the table provided below the problems. PROBLEM 1 Assumptions: 1. MEJ Company expected to sell three products for the first two months of 2020. Each product is packaged in 1-liter container. 2. On January, 50 liters of product A, 150 liters of product B, and 250 liters of product C are expected to be sold. On February, 150 liters, 200 liters, and 500 liters are expected to be sold respectively. 3. Each liter of product A has a selling price of PHP250, product B at PHP500, and product Cat PHP750. Required: Prepare the sales budget of MEJ Company. Answer: TOTAL Product Total PROBLEM 2 Assumptions: 1. To make one liter of product A, raw materials T (80%) and U (20%) are needed. To make one liter of product B, raw materials V (50%), W (25%), and X (25%) are needed. To make one liter product raw materials Y (75%) and Z (25%) are needed. of c. 2. The costs of raw materials are as follows: RAW MATERIAL T U V w COST PER LITER 200 200 400 400 400 600 600 Z 3. Utilities such as electricity and water for the first month is 10,000 and on the next month is 15,000. Required: Prepare the production budget and schedule of other cost of MEJ Company. Answer: TOTAL Product Total TOTAL Grand Total