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Please help, I do not understand how B-D are wrong. ! Required information The Chapter 8 Form worksheet is to be used to create your
Please help, I do not understand how B-D are wrong.
! Required information The Chapter 8 Form worksheet is to be used to create your own worksheet version of the Review Problem in the text. Requirement 2: The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projections in the budget: Data Budgeted unit sales Selling price per unit 1 45,000 $7 Year 2 Quarter 2 3 70,000 110,000 4 70,000 Year 3 Quarter 1 2 90,000 90,000 B D E E F G 1 Chapter 8: Applying Excel 2 Data Year 3 Quarter 3 3 4 1 2 3 4 1 2 5 Budgeted unit sales 45,000 70,000 110,000 70,000 90,000 90.000 6 7 $ 7 per unit 8 $ 65,000 75% 9 10 25% 30% of the budgeted unit sales of the next quarter 11 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 12.000 12 5 13 14 10% 23,000 0.80 units pounds of the next quarter's production needs pounds per pound 15 $ 16 Raw materials purchases are paid 17 60% 40% in the quarter the purchases are made in the quarter following purchase and 18 Accounts payable for raw materials, beginning balance $ 81,500 19 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 $ 2,007,500 year b. What is the total required production for the year under this revised budget? Answer is complete but not entirely correct. Total required production for the 2,242,000 year 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 $ 9,201,600 year d. What are the total expected cash disbursements for raw materials for the year under this revised budget? Answer is complete but not entirely correct. Total expected cash disbursements for raw materials for the $ 8,416,220 yearStep by Step Solution
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