Required information Chapter 8: (Algo) Applying Excel (LO8-2, LO8-3, L08-4) The Chapter 8 Form worksheet is to be used to create your own worksheet version of the Review Problem in the text Chapter 8: (Algo) Applying Excel: Exercise (Part 2 of 2) Requirement 2: The company has just hired a new marketing manager who insists that unlt sales can be dramatically increased by dropping the selling price from $8 to 57. The marketing manager would like to use the following projections in the budget: Year 2 Quarter Year 2 Quarter Budgeted unit sales 45,000 70,000 105,000 5,000 Selling price per unit 80,000 30,000 Data D E F G 1 2 Chapter 3: Applying Excel Data Year 3 Quarter 2 70.000 3 105,000 1 80,000 2 50,000 45.000 85,000 $ $ 4 5 Budgeted units 6 * Selling price per unit - Accounts receivable, beginning balance 8 Sales collected in the quarter sales are made 9 Sales collected in the quarter after sales are made 10 Desired ending finished goods inventory is Finished goods inventory beginning 12 Raw materials required to produce one unit 13 Desid ending inventory of raw materials is 14 Raw materials inventory beginning 15 Raw material costs 16 Raw materiais purchases are paid and 18 - Accounts payable for raw material beginning balance 7 per unit 65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12000 units $ 5 pounds 10% of the next quarter's production needs 23,000 pounds 0.80 por pound 50% in the quarter the purchases are made 40% in the quarter following purchase 81,500 5 a. What are the total expected cash collections for the year under this revised budget? Expected to collections for mo yout b. What is the total required production for the year under this revised budget? Total toured production for this 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 year 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 80,000 units in any one quarter Is this a potential problem? O No Yes