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need the equations vor each cell Data Year 2 Quarter Year 3 Quarter Budgeted unit sales 40,000 60,000 100,000 50,000 70,000 80,000 Selling price per
need the equations vor each cell
Data Year 2 Quarter Year 3 Quarter Budgeted unit sales 40,000 60,000 100,000 50,000 70,000 80,000 Selling price per unit Accounts receivable, beginning balance S8 per unit 75% 25% 30% of the budgeted unit sales of the next quarter 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 12,000 units 5 pounds 10% of the next quarter's production needs Desired ending inventory of raw materials is Raw materials inventory, beginning Raw material costs Raw materials purchases are paid 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 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 Budgeted unit sales Selling price per unit Total sales Construct the schedule of expected cash collections Year 2 Quarter Accounts receivable, beginning balance First-quarter sales Second-quarter sales Third-quarter sales Fourth-quarter sales Total cash collections Construct the production budget Year 2 Quarter Year 3 Quarter Budgeted unit sales Add desired finished goods inventory Total needs Less beginning inventory Required production Construct the raw materials purchases budget Year 2 Quarter Year 3 Quarter Year Required production (units) Raw materials required to produce one unit Production needs (pounds) Add desired ending inventory of raw materials (pounds) Total needs (pounds) Less beginning inventory of raw materials (pounds) Raw materials to be purchased Cost of raw materials per pound Cost of raw materials to be purchased Construct the schedule of expected cash payments Year 2 Quarter Accounts payable, beginning balance First-quarter purchases Second-quarter purchases Third-quarter purchases Total cash disbursementsStep by Step Solution
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