Download the Applying Excel form and enter formulas in all cells that contain question marks.

For example, in cell B26 enter the formula "= B5".

Check your worksheet by changing the budgeted unit sales in Quarter 2 of Year 2 in cell C5 to 75,000 units. The required production for the year should be 274,000 units. The cost of raw materials to be purchased for the year should be $1,106,800, whereas the total cash disbursements for the year should be $1,095,980. If you do not get this answer, find the errors in your worksheet and correct them.

A1 X fx Chapter 8: Applying Excel A B E F G I . 1 j K L M N o P Q R 1 4 Year ? ? Year 2 Quarter 2 3 ? ? ? ? ? ? ? ? ? ? ? ; ? ? ? ? ? ? ? ? ? ? ? Year 3 Quarter 1 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Year 2 Quarter 2 3 1 4 Year 46 47 Construct the raw materials purchases budget 48 49 Required production (units) 50 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 68 69 70 71 72 73 74 75 76 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 77 A1 Xfx Chapter 8: Applying Excel B C D E F C H 1 1 K L M N N 0 0 R 1 Chapter 8: Applying Excel DATA YAAT 2 Quader 2 3 60.000 100.000 1 40.000 5 Budgeted unt sales YAA 3 Quarter 3 1 2 70.000 80,000 4 50,000 SB per unit S65,0001 75% 25% 30% of the budgeted unit sales of the next quarter 12.000 unte 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound tox in the quarter the purchase an made 40% in the quarter following purchase SB1.500 7. . Selling price per unit 8 - Accounts recevabic, beginning balance 9 - Sales collected in the Quarter sales are made 10 - SAIAS collected in the quarter Amar sales and made 11. Desired ending finished goods inventory is 12 . Finished goods inventory beginning 13 - Raw materials required to produce one unt 14. Desired ending inventory of raw materials is 15 Haw material Inventory beginning 16 - Raw inatorial posts 17 - Raw materials purchases are pakt 18 and 19 Accounts payable for raw materials, beginning balance 20 21 Enter a forme into each of the cele marked with a ? below 22 Review Problem: Budget Schedules 23 24 Construct the sales budget 25 26 Budgeted unt als 27 Selling price par unit 28 Total sales 29 20 Construct the schedule of expected cash collections 31 32 Accountanceivable beghning holana 33 First quarter sales 34 second-quarter sales 35 Third quarter sales 36 Fourth-quarter sales 37 Total cash collections 38 39 Construct the production budget 40 41 Budgeted unt sales 42 Add desired finished goods inventory 43 Total rends 44 Les beginning inventory 45 Requind production 45 7 7 ? ? YAAT 2 Quarter 2 3 7 ? ? 7 ? ? 7 ? 7 Year 3 Quarter 3 1 2 7 ? ? ? ? 7 1 Year 2 Quader 2 3 Year beende 7. ? 7 ? ? 7 ? ? ? ? ? ? 2 ? 7 ? 1 d YAAR ? ? 7 ? ? 7 Year 2 Quarter 2 2 3 ? ? ? ? 7 ? 7 ? ? 7 Year 3 Quarter 1 ? ? ? ? ? ? ? 7 ? 7