B58 B D 1 40,000 2 60.000 2 80.000 100,000 50,000 70.000 $8 $65.000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarters production needs 23,000 pounds $0.00 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 Budgeted unit sales 6 2 . Selling price per unit 8 Accounts receivable, beginning balance 9 - Sales collected in the quarter sales are made 10. Sales collected in the quarter after sales are made 11 Desred ending finished goods inventory is 12 Finished goods inventory beginning 13. Raw materials required to produce one unit 14 Desired ending inventory of raw materiais is 15. Raw materials inventory beginning 16 Raw material costs 17 Raw materials purchases are paid 18 and 19 Accounts payable for raw materiais, beginning balance 20 21 Enter a formula into each of the cells marked with a 7 below 22 23 Review Problem: Budget Schedules 24 25 Construct the sales budget 26 27 Budgeted unit sales 28 Selling price per unit 29 Total sales 30 31 32 Construct the schedule of expected cash collections 33 34 Beginning balance accounts receivable 35 First quarter sales 36 Second-quarter sales 37 Third quarter sales 18 Fourth quarter sales 9 Total cash collections 4 Year 2 Quarter 2 3 2 2 2 2 ? 2 ? ? 2 Year 3 Quarter 1. 2 ? ? 2 2 ? 2 ? 2 ? Year 2 Quarter 2 3 4 Year 1 ? ? 2 ? ? ? ? ? 2 ? 2 2