*need formulas along with answers (if applicable)

Excel Project #2 Help Save & Exit Submit 1 Required information The Chapter 8 Form worksheet is to be used to create your own worksheet version of the Review Problem in the text Part 1 of 2 Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B26 enter the formula 85. Check your worksheet by changing the budgeted unit soles in Quarter 2 of Year 2 in cell C5 to 75,000 units. The total expected cash collections for the year should now be $2,085,000. you do not get this answer, find the errors in your worksheet and correct them. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2 Print A1 x fx Chapter 8: Applying Excel B C D E F G H 1 Year 2 Quarter 2 3 60,000 100,000 Year 3 Quarter 1 2 70,000 80,000 4 50,000 40,000 $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 1 Chapter 8: Applying Excel 2 3 Data 4 5 Budgeted unit sales 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 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 20 21 Enter a formula into each of the cells marked with a ? below 22 Review Problem: Budget Schedules 23 24 Construct the sales budget 25 26 Budgeted unt sales 27 Selling price per unit 28 Total sales 29 30 Construct the schedule of expected cash collections 31 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 budget 40 F 4 ? ? ? Year 2 Quarter 2 3 ? ? ? 7 ? 2 ? 7 ? Year 3 Quarter 1 2 7 2 2 ? 7 ? Year 2 Quarter 2 3 1 Year ? ? ? ? ? ? ? ? ? ? ? ? 2 ? 2 ? 7 ? Year 2 Quarter 2 3 Year 3 Quarter Year 1 A Chapter 8 Form + A1 4x fx Chapter 8: Applying Excel B D E F G H Year 2 Quarter 2 3 ? F 4 Year Year 3 Quarter 2 1 ? ? ? ? ? ? ? ? ? ? ? ? ? ? 7 ? ? 2 ? ? ? 7 ? 7 7 ? ? ? ? Year 3 Quarter 1 4 Year 1 7 ? ? Year 2 Quarter 2 3 2 ? 2 ? ? 7 ? ? ? 7 ? ? 2 38 39 Construct the production budget 40 41 Budgeted unit sales 42 Add desired finished goods inventory 43 Total needs 44 Less beginning inventory 45 Required production 46 47 Construct the raw materials purchases budget 48 49 Required production (units) SO Raw materials required to produce one unit 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 56 Cost of raw materials per pound 57 Cost of raw materials to be purchased 58 59 Construct the schedule of expected cash payments 60 61 Accounts payable beginning balance 62 First quarter purchases 63 Second-quarter purchases 64 Third-quarter purchases 65 Fourth quarter purchases 66 Total cash disbursements 67 68 69 70 71 72 73 74 75 76 77 ? ? ? ? 2 7 ? ? ? 7 ? ? 2 7 ? ? ? ? ? ? ? 2 2 ? ? ? ? 7. 2 ? + Year 2 Quarter 2 3 4 Year 2 ? ? ? ? ? 7 7 ? ? ? ? ? ? 2 ? Chapter 8 Form +