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please help this is due tonight! thank you! Check my work 2 Requirement 2: The company has just hired a new marketing manager who insists
please help this is due tonight! thank you!
Check my work 2 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: Part 2 of 2 Year 2 Quarter Year 3 Quarter Data Budgeted unit sales Selling price per unit 50,000 65,000 105,000 65,000 85,00 95,000 15 $7 1 Chapter 8: Applying Excel 2 3 Data Year 3 Quarter 5 Budgeted unit sales 6 7Selling price per unit 8 Accounts 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 50,000 65,000 105,000 65,000 85,000 95,000 7 per unit receivable, beginning balance $ 65,000 75% 25% 30%) of the budgeted unit sales of the next quarter Graw Hill KPre 012 Next > Required information 12Finished goods inventory, beginning 13Raw materials required to produce one unit 14Desired ending inventory of raw materials is 15Raw materials inventory, beginning 16Raw material costs 17Raw materials purchases are paid 18 and 19 Accounts payable for raw materials, beginning balance 81,500 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 a. What are the total expected cash collections for the year under this revised budget? ted cash collections for the year Required information b. What is the total required production for the year under this revised budget? Total required production for the year C. What is the total cost of raw materials to be purchased for the year under this revised budget? Total cost of raw materials to be purchased for the yearStep by Step Solution
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