Chapter 8: Applying Excel Data Year 3 Quarter 2 2 Budgeted unit sales 5,000 70,000 105,000 60,000 80,000 90,000 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 mater Desired ending inventory of raw materials is Raw materials inventory, beginning Raw material costs Raw materials purchases are paid 7 per unit S 65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units rials required to produce one unit 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 Accounts payable for raw materials, beginning balance 81,500 a. What are the total expected cash collections for the year under this revised budget? Expected cash collections for the year 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? tal cost of raw materials to be purchased for the ear d. What are the total expected cash disbursements for raw materials for the year under this revised budget? 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 80,000 units in any one quarter. Is this a potential problem? O Yes O No