excel help

Data 1 40,000 Year 2 Quarter 2 3 60,000 100,000 Year 3 Quarter 1 2 70,000 80,000 50,000 Budgeted unit sales 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 Entor a formula into onch of the colls marked with a ? below Review Problem: Budget Schedules $8 per unit $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 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 Construct the sales budget 4 ? 2 ? Year 2 Quarter 2 3 ? ? 2 7 ? ? ? ? ? Yoar 3 Quarter 1 2 7 ? ? ? ? ? 1 Year 2 Quarter 2 3 6 Budgeted unit sales 7 Seling price per unit 8 Total sales 9 0 Construct the schedule of expected cash collections 1 32 Accounts receivable, beginning balance 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 har 4 Year 2 ? ? ? ? 2 ? 2 2 ? ? 7 ? 2 ? 7 ? ? Construct the production budget 4 Year 7 Budgeted unit sales 2 Add desired finished goods inventory 3 Total needs Less beginning inventory 5 Required production ? 7 2 ? ? Year 2 Quarter 2 3 ? ? ? ? 7 ? ? 7 2 ? ? ? 2 2 2 ? 2 ? ? ? Year 3 Quarter 1 2 ? ? ? 2 ? 1 Year Year 3 Quarter 1 ? ? ? ? ? 2 ? 2 2 2 ? ? Year 2 Quarter 2 3 ? ? 2 ? 2 ? ? 7 7 ? ? 7 ? ? ? ? 2 ? 4 2 ? ? -+ ? ? 2 2 ? ? 7 ? ? ? 7 ? 2 ? 2 Construct the raw materials purchases budget 9 Required production (units) 0 Raw materials required to produce one unit 1 Production needs (pounds) 2 Add desired ending inventory of raw materials (pounds) 3 Total needs (pounds) 4 Loss beginning inventory of raw materials (pounds) s Raw materials to be purchased 6 Cost of raw materials per pound 7 Cost of raw materials to be purchased 58 9 Construct the schedule of expected cash payments 40 51 Accounts payable, beginning balance 52 Finst-quarter purchases 53 Second quarter purchases 54 Third-quarter purchases 55 Fourth quarter purchases 56 Total cash disbursements 67 68 69 70 71 72 Year 2 Quarter 2 3 4 Year ? ? ? 7 ? ? 2 ? ? ? 7 ? ? 2 ? 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: Year 3 Quarter Year 2 Quarter 115,000 85.000 75,000 100,000 Date Budgeted unit sales Selling price per unit 65.000 45,000 $7 G E F G D B A Chapter 8: Applying Excel 1 2 3 Data Year 3 Quares 3 1 4 1 2 4 2 65,000 45,000 Budgeted unit sales 5 115,000 75,000 85,000 100,000 6 $ $ 7 Selling price per unit 8 Accounts receivable, beginning balance 9 Sales collected in the quarter sales are made 10 Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory is 12 Finished goods inventory beginning 3 . Raw materials required to produce one unit 4 Desired ending inventory of raw materials is 5 Raw materials inventory beginning 7 per unit 65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds