Pls include the formulas for the Excel spreadsheet. I need to know what formulas were used and where at. Thank you!

Master Budget Excel Assignment Required information The Chapter 8 Form worksheet is to ba used to create your on worksheet version ot the Reviaw Problem in the text. ReviewPr Part 1 of 2 Download the Applying Excel form and enter formulas in all cells that contain question marks 15 points For example, in cel 826 enter the fomula-HS Check yaur worksheat by changing the badgeted unit sales in arter 2 af Year 2 in cell C5 to 75,000 units. The total expacted cash collections for the year shouls now be $2.085,000 f you do not gat this answer, find the errors in your warksheet and carnect 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. upload a response fille (15MB max References download reterence file Chapter 8 Applying Excel Student Form.ls 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 Desired ending inventory of raw materials is Raw materials inventory, beginning Raw material costs Raw materials purchases are paid $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 12 13 materials required to produce one unit 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 and Accounts payable for raw materials, beginning balance Enter a formula into each of the cells marked with a ? below $81,500 2Review Problem: Budget Schedules 23 Construct the sales budget Year 2 Quarter Year 3 Quarter 25 Budgeted unit sales Selling price per unit Total sales Construct the schedule of expected cash collections Year 2 Quarter Year 3 2 Accounts receivable, beginning balance First-quarter sales Second-quarter sales Third-quarter sales Fourth-quarter sales Total cash collections 35 36 38 39 Construct the production budget Year 2 Quarter Year 3 Quarter Year Budgeted unit sales Add desired finished goods inventory Total needs Less beginning inventory Required production 46 Construct the raw materials purchases budget Year 2 Quarter Year 3 Quarter 48 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 51 53 57 59 Construct the schedule of expected cash payments Year 2 Quarter Year 61 6 Accounts payable, beginning balance 2 First-quarter purchases 63 Second-quarter purchases Third-quarter purchases Fourth-quarter purchases Total cash disbursements 65 a. What are the total expected cash collections for the year under this revised budget? Expected cash collections for the year 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 ar d. What are the total expected cash disbursements for raw materials for the year under this revised budget? Total expected cash disbursements for raw materials for the year e. After seeing this revised budget, the production manager cautioned that due to the current production constraint, a complex milling machine, the plant can produce no more than 90,000 units in any one quarter. Is this a potential problem? O Yes O No