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Directions: Answer the following problems using the data and information provided below. Problem 1 Assumptions: 1. BTS Inc. expected to sell three products for the first two months of 2020. Each product is packaged in 1-liter container. 2 On January, 150 liters of product B. 250 iters of product T, and 350 liters of products are expected to be sold. On February, 200 liters, 400 liters, and 600 liters are expected to be sold respectively, 3. Each liter of product B has a selling price bf PHP80, product T at PHP160, and products at PHP450. Required: Prepare the sales budget for BTS Inc. Problem 2 Assumptions: 1. To make one iter of product B, raw materials 1 (90%) and 2 (10%) are needed. To make one liter of product T. raw materials 3 (30%), 4 (30%), and 5 (40%) are needed. To make one liter of products. raw materials 6 (45%) and 7 (55%) are needed. 2 The costs of raw materials are as follows: RAW MATERIAL COST PER LITER 300 500 200 2 3 4 5 6 7 200 400 300 500 3. Labor cost for the first month is 10,000 and on the next month is 20,000. Additional Information: 4. Budget for marketing and advertising expense is 5,000/month Required: Prepare the (U production budget, and (2) revenue, cost, and expenses consolidation for BTS Inc. Directions: Answer the following problems using the data and information provided below. Problem 1 Assumptions: 1. BTS Inc. expected to sell three products for the first two months of 2020. Each product is packaged in 1-liter container. 2 On January, 150 liters of product B. 250 iters of product T, and 350 liters of products are expected to be sold. On February, 200 liters, 400 liters, and 600 liters are expected to be sold respectively, 3. Each liter of product B has a selling price bf PHP80, product T at PHP160, and products at PHP450. Required: Prepare the sales budget for BTS Inc. Problem 2 Assumptions: 1. To make one iter of product B, raw materials 1 (90%) and 2 (10%) are needed. To make one liter of product T. raw materials 3 (30%), 4 (30%), and 5 (40%) are needed. To make one liter of products. raw materials 6 (45%) and 7 (55%) are needed. 2 The costs of raw materials are as follows: RAW MATERIAL COST PER LITER 300 500 200 2 3 4 5 6 7 200 400 300 500 3. Labor cost for the first month is 10,000 and on the next month is 20,000. Additional Information: 4. Budget for marketing and advertising expense is 5,000/month Required: Prepare the (U production budget, and (2) revenue, cost, and expenses consolidation for BTS Inc