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 2 Quarter Year 3 Quarter Data Budgeted unit sales Selling price per unit 50,000 $7 70,000 115,000 60,000 85,eee 100,000 1 Chapter 8: Applying Excel Year 3 Quarter 3 Data 50,000 70,000 115,000 60,000 85,000 100.000 7 per unit S 65 000 5 Budgeted unit sales 6 7 . Selling price per unit 8 - Accounts receivable beginning balance es are made 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 . 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarter's production needs 19 15 16 Desired ending inventory of raw materials is - Raw materials inventory beginning - Raw material costs Part 2 of 2 - Raw materials purchases are paid 10% of the next quarters production needs 23.000 pounds 0.80 per pound 60% in the quarter the purchases are made 40% in the quarter folowing purchase 81,500 18 points 19 and Accounts payable for raw materials beginning balance $ eBook References a. What are the total expected cash collections for the year under this revised budget? Expected cash collections for the year b. What is the total required production for the year under this revised Total required production for the year points eBook 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 References 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