E F H 21 Enter a formula into the cells below to complete the following budgets: K 22 Year 2 Quarter 1 Quarter 2 Quarter 3 Year 3 Year 2 Total Quarter 1 Quarter 2 Quarter 4 Year 2 Quarter 2 Quarter 3 Quarter 1 Quarter 4 Year 2 Total 23 24 Sales Budget 25 26 Budgeted unit sales 27 Selling price per unit 28 Total sales 29 30 Schedule of Expected Cash Collections Budget 31 32 Beginning balance accounts receivable 33 First-quarter sales 34 Second-quarter sales 35 Third-quarter sales 36 Fourth quarter sales 37 Total cash collections 38 39 Production Budget 40 41 Budgeted unit sales 42 Add desired ending finished goods inventory 43 Total needs 44 Less beginning finished goods inventory 45 Required production in units 46 47 Raw Materials Purchases Budget 48 49 Required production (units) 50 Raw materials required to produce one unit (pounds) 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 (pounds) 56 Cost of raw materials per pound Case Assignment 4 Year 2 Quarter 2 Quarter 3 Year 3 Year 2 Total Quarter 1 Quarter 2 Quarter 1 Quarter 4 Year 2 Quarter 2 Quarter 3 Year 3 Quarter 1 Quarter 4 Quarter 1 Year 2 Total 43 Quarter 1 Year 2 Quarter 2 Quarter 3 Quarter 4 Year 3 Year 2 Total Quarter 1 47 Raw Materials Purchases Budget 48 49 Required production (units) 50 Raw materials required to produce one unit (pounds) 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 (pounds) 56 Cost of raw materials per pound 57 Cost of raw materials to be purchased 58 59 Schedule of Expected Cash Disbursements 60 61 Beginning balance accounts payable 62 First quarter purchases 63 Second-quarter purchases 64 Third-quarter purchases 65 Fourth-quarter purchases 66 Total cash disbursements 67 Quarter 1 Year 2 Quarter 2 Quarter 3 Quarter 4 Year 2 Total 68 69 E F H 21 Enter a formula into the cells below to complete the following budgets: K 22 Year 2 Quarter 1 Quarter 2 Quarter 3 Year 3 Year 2 Total Quarter 1 Quarter 2 Quarter 4 Year 2 Quarter 2 Quarter 3 Quarter 1 Quarter 4 Year 2 Total 23 24 Sales Budget 25 26 Budgeted unit sales 27 Selling price per unit 28 Total sales 29 30 Schedule of Expected Cash Collections Budget 31 32 Beginning balance accounts receivable 33 First-quarter sales 34 Second-quarter sales 35 Third-quarter sales 36 Fourth quarter sales 37 Total cash collections 38 39 Production Budget 40 41 Budgeted unit sales 42 Add desired ending finished goods inventory 43 Total needs 44 Less beginning finished goods inventory 45 Required production in units 46 47 Raw Materials Purchases Budget 48 49 Required production (units) 50 Raw materials required to produce one unit (pounds) 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 (pounds) 56 Cost of raw materials per pound Case Assignment 4 Year 2 Quarter 2 Quarter 3 Year 3 Year 2 Total Quarter 1 Quarter 2 Quarter 1 Quarter 4 Year 2 Quarter 2 Quarter 3 Year 3 Quarter 1 Quarter 4 Quarter 1 Year 2 Total 43 Quarter 1 Year 2 Quarter 2 Quarter 3 Quarter 4 Year 3 Year 2 Total Quarter 1 47 Raw Materials Purchases Budget 48 49 Required production (units) 50 Raw materials required to produce one unit (pounds) 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 (pounds) 56 Cost of raw materials per pound 57 Cost of raw materials to be purchased 58 59 Schedule of Expected Cash Disbursements 60 61 Beginning balance accounts payable 62 First quarter purchases 63 Second-quarter purchases 64 Third-quarter purchases 65 Fourth-quarter purchases 66 Total cash disbursements 67 Quarter 1 Year 2 Quarter 2 Quarter 3 Quarter 4 Year 2 Total 68 69