Chapter 8: Applying Excel Data 3 4 5 Budgeted unit sales 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Budgeted unit sales 27 Selling price per unit 28 Total sales . e 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 Enter a formula into each of the cells marked with a ? below Review Problem: Budget Schedules Construct the sales budget 29 30 31 32 33 First-quarter sales 34 Construct the schedule of expected cash collections Accounts receivable, beginning balance Second-quarter sales 35 Third-quarter sales 36 Fourth-quarter sales 37 Total cash collections 38 39 40 41 42 43 44 45 Required production 46 47 48 49 Required production (units) 50 Construct the production budget Budgeted unit sales Add desired finished goods inventory Total needs Less beginning inventory Construct the raw materials purchases budget Raw materials required to produce one unit 51 Production needs (pounds) 52 Add desired ending inventory of raw materials (pounds) 53 Total needs (pounds) 54 Less beginning inventory of raw materials (pounds) 55 Raw materials to be purchased 56 Cost of raw materials per pound 57 Cost of raw materials to be purchased 58 59 Construct the schedule of expected cash payments 60 61 Accounts payable, beginning balance 62 First-quarter purchases 63 Second-quarter purchases 64 Third-quarter purchases 65 Fourth-quarter purchases 66 Total cash disbursements 67 $ 1 40,000 $8 per unit $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 1 40,000 $8 $320,000 5 pounds 10% of the next quarter's production needs 23,000 pounds 1 65,000 $240,000 $ $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 1 40,000 18,000 1 1 Year 2 Quarter 2 60,000 ? ? ? ? ? ? ? ? ? ? ? ? ? ? 3 100,000 Year 2 Quarter 2 60,000 $8 $480,000 Year 2 Quarter 2 80,000 $360,000 $120,000 $600,000 $200,000 $300,000 $ 305,000 $ 440,000 $720,000 $500,000 $2,065,000 ? ? ? ? ? 3 4 100,000 50,000 $8 $8 $800,000 $400,000 Year 2 Quarter 2 60,000 30,000 ? ? ? ? ? 3 ? ? Year 2 Quarter 2 ? 3 100,000 15,000 ? ? ? 3 Year 2 Quarter 2 3 4 50,000 ? ? ? ? ? ? ? ? ? ? ? 4 4 50,000 21,000 4 4 ? ? ? ? ? ? ? ? ? ? ? ? 222 ? ? $ ? Year 3 Quarter 1 70,000 Year 3 Quarter 1 70,000 $8 $560,000 Year 65,000 $320,000 $480,000 $800,000 $400,000 Year 250,000 Year Year ? ? ? ? ? ? ? ? ? ? ? ? 2 80,000 ? ? ? ? ? 2 80,000 $8 $640,000 Year 3 Quarter 1 70,000 ? ? ? ? Year 3 Quarter 1 ? ? 2 80,00

Chapter 8: Applying Excel Dota Budgelod unit saies 1 40.000 2 60.000 100,0003 50,000 $8 per unit - Selling pince per unt - Accounte recelvable, beginning balance - Sales collected in the quarter sales are made - Sales collected in the cuarter affer sales are made - Desired ending finished goods inwentory is - Finished goods inventory, beginning - Raw matenals required to produce one uns - Desired ending irmentory of raw malerials is - Riew malecials inventory, beginning. - Raw material costs - Raw materials purchases are paid and - Accounts payable for raw materials, beginning balance Enter a formula into each of the cells marked with o? below Review Problem: Budget Schedules Construct the sales budget Budgeted unit sales Seling price per unit Total sales Construct the schedule of expected cash collections Accounts receivable, beginning balance First-quarter sales Second-quarter saies Third-quarter sales Fourth-quarter sales Total cash collections Construct the production budget Budgeled unit sales Add desited finished goods inventory Total needs Less beginning inventory Required production Construct the raw materials purchases budget Required production (units) Raw materials required to produce one unit Production needs (pounds) Add desired ending inventary of raw materials (pounds) Total needs (pounds) Less beginning inventory of raw materials (pounds) Ran maierials to be purchased Cost of raw materials per pound Cost of raw materials to be purchased Construct the schedule of expected cash poyments Acocounts payable, beginning balance Fint-quarter purchases Second-quarter purchases Thid-quarter purchases Fourth-quarler purchases Total cash dabursements $65,000 75% 25% 30% of the budgeted unit sales of the next quartor 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 Year 3 ouarter 1 2 70,000 80,000