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no need to explain. General Corporation manufactures boxes. The estimated number of boxes sold for the first three months of 2021 are: Month Sales January

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General Corporation manufactures boxes. The estimated number of boxes sold for the first three months of 2021 are: Month Sales January 3,000 February 4,200 March 3,900 Finished goods inventory at the end of December was 900 units. Ending finished goods inventory is equal to 20 percent of the next month's sales. General Corporation expects to sell the boxes for P5 each. April 2021 sales is projected at 4,500 boxes. Question 66 Not yet answered Marked out of 2.00 Flag question What is the expected sales revenue for March? Answer: Question 67 Not yet answered Marked out of 2.00 Flag question How many boxes should be produced in February? Answer: Question 68 Not yet answered Marked out of 2.00 P Flag question How many boxes should be produced in January? Answer: Time left 2:22:45 Question 69 Not yet answered Marked out of 2.00 P Flag question Problem2 Harrison Company manufactures card tables. The company has a policy of maintaining a finished goods inventory equal to 40 percent of the next month's planned sales. Each card table requires 3 hours of labor. The budgeted labor rate for the coming year is P13 per hour. Planned sales for the months of April, May, and June are respectively 4,000; 5,000; and 3,000 units. What is Harrison Company's budgeted direct labor cost for May? Answer: Problem3 Edwards Company has the following expected pattern of collections on credit sales: 70 percent collected in the month of sale, 15 percent in the month after the month of sale, and 14 percent in the second month after the month of sale. The remaining 1 percent is never collected. At the end of May, Edwards Company has the following accounts receivable balances: From April sales P21,000 From May sales 48,000 Edwards expected sales for June are P150,000. How much cash will Edwards Company expect to collect in June

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