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Required information The Chapter 8 Form worksheet is to be used to create your own worksheet version of the Review Problem in the text. Part
Required information
The Chapter Form worksheet is to be used to create your own worksheet version of the Review Problem in the text.
Part of
Requirement :
The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $ to $ The marketing manager would like to use the following projections in the budget:
tableABEFGChapter : Applying Excel,,,,,,,Data,,,,,,Year QuarterBudgeted unit sales,, Selling price per unit,$per unit,,,, Accounts receivable, beginning balance,$ Sales collected in the quarter sales are made,, Sales collected in the quarter after sales are made,, Desired ending finished goods inventory isof the budgeted unit sales of the next quarter Finished goods inventory, beginning,,units,,,, Raw materials required to produce one unit,,pounds,,,, Desired ending inventory of raw materials isof the next quarter's production needs Raw materials inventory, beginning,,pounds,,,, Raw material costs,$per pound,,,, Raw materials purchases are paid,,in the quarter the purchases are madeand,,in the quarter following purchase Accounts payable for raw materials, beginning balance,$
A what are the total expected cash collections 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 materials 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?
E after seeing this revised budget, the production manager cautiones that due to the current production constraint, a complex machine, the plant can produce no more than units in any one quarter. Is this a potential problem noyes
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