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accounting 305( cost accounting) i need that in excel format and full solution. Chapter 8: Applying Excel Data Year 2 Quarter Year 3 Quarter Budgeted

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accounting 305( cost accounting) i need that in excel format and full solution.

Chapter 8: Applying Excel Data Year 2 Quarter Year 3 Quarter Budgeted unit sales 50,000 65,000 80,000 40,000 70,000 80,000 Selling price per unit Accounts receivable, beginning balance Sales collected in the quarter sales are made Sales collected in the quarter after sales are made Desired ending finished goods inventory is Finished goods inventory, beginning Raw materials required to produce one unit Desired ending inventory of raw materials is Raw materials inventory, beginning Raw material costs Raw materials purchases are paid and Accounts payable for raw materials, beginning balance $10 $55,000 70% 30% 25% of the budgeted unit sales of the next quarter 11,000 units 5 pounds 15% of the next quarter's production needs 22,000 pounds $0.80 per pound 70% in the quarter the purchases are made 30% in the quarter following purchase $81,500 Requirment: complete the following budgets Construct the sales budget Year 3 Quarter Construct the schedule of expected cash collections Year 2 Quarter Year 2 Quarter 2 3 Year Budgeted unit sales Selling price per unit Total sales Beginning balance accounts receivable First quarter sales Second-quarter sales Third-quarter sales Fourth-quarter sales Total cash collections Construct the production budget Year 3 Quarter Year 2 Quarter 3 4 Year Budgeted unit sales Add desired ending finished goods inventory Total needs Less beginning finished goods inventory Required production in units Construct the raw materials purchases budget Year 2 Quarter Construct the schedule of expected cash payments Year 2 Quarter Year 3 Quarter 1 3 4 Year 1 2 Year Required production (units) Raw materials required to produce one unit (pounds) Production needs (pounds) Add desired ending inventory of raw materials (pounds) Total needs (pounds) Less beginning inventory of raw materials (pounds) Raw materials to be purchased (pounds) Cost of raw materials per pound Cost of raw materials to be purchased Beginning balance accounts payable First-quarter purchases Second-quarter purchases Third-quarter purchases Fourth-quarter purchases Total cash disbursements

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