Chapter 8 Applying Excel (A) i Help Subm Saved Save & Exit Check my work 2 Required information create your own worksheet version of the Review Problem in the text The Chapter 8 Form worksheet s to be used Part 2 of 2 Requirement 2: The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projections in the budget: 10 points eBook Year 2 Quarter Year 3 Quarter 1 4 75,000 2 70,000 2 Data Print 120,000 90,000 90,000 45, $7 Selling price per un nit References Part 2 of 2 A C G D E F Chapter 8: Applying Excel 1C polnts Year 3 Quarter Data 4 1 3 4 1 eBook Budgeted unit sales 70,000 45.000 120,000 75,000 90,000 90,000 6 Print Selling price per unit 7 7 per unit References 65.000 Accounts receivable, beginning balance 75% Sales collected in the quarter sales are made 10 25% Sales collected in the quarter after sales are made Desired ending finished goods inventory is 11 30% of the budgeted unit sales of the next quarter Finished goods inventory, beginning 12,000 units 12 13 Raw materials required to produce one unit 5 pounds 10% of the next quarter's production needs Desired ending inventory 14 fraw materials is 23,000 pounds Raw materials inventory, beginning 15 Raw material costs 0.80 per pound 16 Raw materials purchases are paid 60% in the quarter the purchases are made 40% in the quarter following purchase 18 and 81,500 19 Accounts payable for raw materials, beginning balance a. What are the total expected cash collections for the year under this revised budget? 10 points Expected cash collections for the year eBook Print References b. What is the total required production for the year under this revised budget? Total required production for the year c. What is the total cost of raw materials to be purchased for the year under this revised budget? Total cost of raw materials to be purchased for the year points eBook d. What are the total expected cash disbursements for raw materlals for the year under this revised budget? Print References Total expected cash disbursements for raw materials for the year e. After seeing this revised budget, the production manager cautioned that due to the current production constraint, a complex milling machine, the plant can produce no more than 90,000 units in any one quarter. this a potential problem? OYes No