Required information The Chapter 8 Form worksheet is to be used to create your own worksheet version of the Review Problem in the text. Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B26 enter the formula "=B5". Check your worksheet by changing the budgeted unit sales in Quarter 2 of Year 2 in cell C5 to 75,000 units. The required production for the should be 274,000 units. The cost of raw materials to be purchased for the year should be $1,106,800, whereas the total cash disbursements year should be $1,095,980. If you do not get this answer, find the errors in your worksheet and correct them. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use worksheet to answer the questions in Part 2. upload a response file (15MB max) download reference file Browse... No file selected. Chapter_8_Applying_Excel_Student_Form.xls save Required information The Chapter 8 Form worksheet is to be used to create your own worksheet version of the Review Problem in the text. 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: Year 3 Quarter Data Budgeted unit sales Selling price per unit 1 45,000 $7 Year 2 Quarter 2 70,000 110,000 4 75,000 90,000 100,000 A B D E F F G 1 Chapter 8: Applying Excel 2 3 Data Year 3 Quarter 4 1 2 3 4 1 1 2 45,000 70,000 110,000 75,000 90,000 100,000 $ 7 per unit $ 65,000 75% 5 Budgeted unit sales 6 7 . Selling price per unit 8 Accounts receivable, beginning balance 9 Sales collected in the quarter sales are made 10 Sales collected in the quarter after sales are made 11. Desired ending finished goods inventory is 12 - Finished goods inventory, beginning 13 - Raw materials required to produce one unit 14. Desired ending inventory of raw materials is 15. Raw materials inventory, beginning 16. Raw material costs 17 Raw materials purchases are paid 18 and 19 - Accounts payable for raw materials, beginning balance 25% 30% of the budgeted unit sales of the next quarter 12,000 units 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 81,500 $ $