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need answers for this problem as soon as possible please. B C D E F G H Quarter 1 40,000 Year 2 Quarter 2 Quarter
need answers for this problem as soon as possible please.
B C D E F G H Quarter 1 40,000 Year 2 Quarter 2 Quarter 3 10,000 30,000 Quarter 4 60,000 Year 3 Quarter 1 Quarter 2 70,000 90,000 1 Budgeting: Applying Excel 2 3 Data 4 5_Budgeted unit sales 6 Selling price per unit 8 Accounts receivable, beginning balance 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 13 . Raw materials required to produce one unit 14 - Desired ending inventory of raw materials is 15 Raw materials inventory, beginning 16 Raw material costs 17 - Raw materials purchases are paid 18 and 19 Accounts payable for raw materials, beginning balance $30 $40,000 60% 40% 15% of the budgeted unit sales of the next quarter 12,000 units 2 pounds 20% of the next quarter's production needs 24,000 pounds $2.50 per pound 85% in the quarter the purchases are made 15% in the quarter following purchase $45,000 20 21 Enter a formula into the cells below to complete the following budgets: 22 23 B C D E F G H Quarter 1 40,000 Year 2 Quarter 2 Quarter 3 10,000 30,000 Quarter 4 60,000 Year 3 Quarter 1 Quarter 2 70,000 90,000 1 Budgeting: Applying Excel 2 3 Data 4 5_Budgeted unit sales 6 Selling price per unit 8 Accounts receivable, beginning balance 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 13 . Raw materials required to produce one unit 14 - Desired ending inventory of raw materials is 15 Raw materials inventory, beginning 16 Raw material costs 17 - Raw materials purchases are paid 18 and 19 Accounts payable for raw materials, beginning balance $30 $40,000 60% 40% 15% of the budgeted unit sales of the next quarter 12,000 units 2 pounds 20% of the next quarter's production needs 24,000 pounds $2.50 per pound 85% in the quarter the purchases are made 15% in the quarter following purchase $45,000 20 21 Enter a formula into the cells below to complete the following budgets: 22 23Step by Step Solution
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