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Need help with the excel portions, also would be helpful to see hwat formulas go into the cells instead of just answers, Thank you Data
Need help with the excel portions, also would be helpful to see hwat formulas go into the cells instead of just answers, Thank you
Data Year 2 Quarter Year 3 Quarter Budgeted unit sales 40,000 60,000 100,000 50,000 70,000 80,000 $8 per unit 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 $65,000 15% 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 and 40% in the quarter following purchase Accounts payable for raw materials, beginning balance $81,500 Enter a formula into each of the cells marked with a? below Review Problem: Budget Schedules Construct the sales budget Year 2 Quarter Year 3 Quarter 3 100,000 Budgeted unit sales Selling price per unit Total sales 40,000 $8 $320,000 50,000 $8 $480,000 S800,000 $400,000 60,000 $8 70,000 $8 $560,000 80,000 $8 $640,000 $8Step by Step Solution
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