Required information Chopter 8: Applying Excel (Algo) [LO8-2, LO8-3, LO8-4] The Chapter 8 Form worksheet is to be used to create your own worksheet version of the Review Problem in the text. Chapter 8: Applying Excel: Exercise (Part 2 of 2) (Algo) Requitement 2: The company has just hired a new marketing manager who insists that unit soles can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projectons in the budget (1) Requirnd information. Prey 1 of 1 Hi Next a. What are the total expected cosh colections for the year under this revised budget? b. What is the total required production for the year under this revised budget? C. What is the total cost of raw materiais to be purchased for the year under this revised budget? d. What are the total expected cash disbursements for raw materials for the year under this revised budget? c. What is the total cost of raw materiais to be purchased for the year under this revised budget? a. What are the total expected cash disbursements for raw materials for the year under this revised budget? E. After seeing this revised budget, the production manager cautioned that due to the current production constraint, a complex miliing mechine, the plant can produce no more than 80,000 units in any one quarter. Is this a potential problem? No Yes