Help Save & Exit Submit 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 Data Budgeted unit sales Selling price per unit 1 Chapter 8: Applying Excel A Year 2 Quarter 2 Year 3 Quarter 1 2 50,000 $7 65,000 110,000 70,000 80,000 95,000 B C D E F G 2 3 Data 4 5 Budgeted unit sales ances 6 7 Selling price per unit B Accounts receivable, beginning balance 1 9 Sales collected in the quarter sales are made 1 2 3 4 Year 3 Quarter 1 2 50,000 65,000 110,000 70,000 80,000 95.000 $ 7 per unit $ 65,000 75% 10 Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory is 12 Finished goods inventory, beginning 13 Raw materials required to produce one unit 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 14 Desired ending inventory of raw materials is 10% of the next quarter's production needs 15 Raw materials inventory, beginning 23,000 pounds 16 Raw material costs $ 0.80 per pound 37 Raw materials purchases are paid 60% in the quarter the purchases are made 40% in the quarter following purchase 18 and 19-Accounts payable for raw materials, beginning balance $ 51,500 Check my work b. What is the total required production for the year under this revised budget? red production for the year c. What is the total cost of raw materials to be purchased for the year under this revised budget? cost of new to be purchased for the your d. What are the total expected cash disbursements for raw materials for the year under this revised budget