Required information 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 QuarterYear 3 Quarter l0 oints Data Budgeted unit sales Selling price per unit 2 45,000 65,000 115,000 70,000 80,00 100,000 03:15:10 1 Chapter 8: Applying Excel 3 Data 5 Print Year 2 Quarter Year 3 Quarter Budgeted unit sales 45,000 65,000 115,000 70,000 80,000 100,000 S7 per unit 7Selling price per unit 8Accounts receivable, beginning balance $65,000 75% 25% 30% of the budgeted unit sales of the next quarter Sales collected in the quarter sales are made 10Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory is 12 .Finished goods inventory, beginning 13Raw materials required to produce one unit 14Desired ending inventory of raw materials is 15Raw materials inventory,beginning 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 16Raw material costs 17 .Raw materials purchases are paid 18 and 9.Accounts payable for raw materials, beginning balance 20 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500