Help Save & Exits Check my we ter 8: Applying Excer: Exercise (Part 2 OT 2) Trement 2: company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling from $8 to $7. The marketing manager would like to use the following projections in the budget: Year 2 Quarter Year 3 Quarter sta idgeted unit sales lling price per unit 45,000 $7 70,000 110,000 70,000 80,000 95,000 Chapter 8: Applying Excel Data Year 3 Quarter Budgeted unit sales 45,000 70,000 110,000 70,000 80,000/ 95.000 $ 7 per unit 65,000 7546 . Selling price per unit Accounts receivable, beginning balance Sales collected in the quarter sales are made ) - Sales collected in the quarter for sales are made 1 Desired ending finished goods inventory is 2 - Finished goods invertory beginning 25% 30% of the budgeted unit sales of the next quarter 12,000 units Required information Chapter 8: Applying Excel Data Year 3 Quarter 1 80,000/ 2 Budgeted unit sales 45,000 70,000 110,000 70,000 95,000 $ $ 1 5 - 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 1 Desired ending finished goods inventory is 2 . Finished goods inventory, beginning 3 Raw materials required to produce one unit + Desired ending inventory of raw materials is 5 - Raw materials inventory, beginning 5 . Raw material costs 7 Raw materials purchases are paid 31 and ? - Accounts payable for raw materials, beginning balance 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 0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase 81,500 $ $ work mode: This shows what is correct or incorrect for the work you have com Required information a. What are the total expected cash collections for the year under this revised budget? Answer is complete and correct. Expected cash collections for the vear $ 2007,500 b. What is the total required production for the year under this revised budget?! Answer is complete and correct. Total required production for the 307.000 8 - c. What is the total cost of raw materials to be purchased for the year under this revised budget? Answer is complete but not entirely correct. Total cost of raw materials to be purchased for the $ 1.223.400 x year d. What are the total expected cash disbursements for raw materials for the year under this revised bu. Answer is complete but not entirely correct. Total expected cash disbursements for raw materials for the $ 1.206,620 year
