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: Data Budgeted unit sales Selling price per unit Year 2 Quarter 2 65,000 105,000 Year Quarter 1 2 90,000 95,000 50.000 57 65,000 B D E F G Chapter 8: Applying Excel 1 2 3 Data 1 3 4 5 Budgeted unit sales 6 2 2 65,000 Year 3 Quarter 4 1 65,000 90.000 50,000 105,000 95,000 Prey 1 of 1 !!! Next 1 2 3 105,000 Year 3 Quarter 1 65,000 90,000 50.000 65,000 2 95,000 $ $ Required information 1 Chapter : Applying Excel 2 3 Data 4 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 7 per unit 65,000 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 23,000 pounds 0.00 per pound 00% in the quarter the purchases are made 40% in the quarter following purchase 81,500 $ $ oleted sole Required information a. What are the total expected cash collections for the year under this revised budget? Answer is complete and correct. Expected cash collections for the $ 1,946,250 your b. What is the total required production for the year under this revised budget? Answer is complete and correct. Total required production for the 300,000 yar w Drau 1 Required information c. What is the total cost of raw materials to be purchased for the year under this revised budget? Answer is complete and correct. Total cost of raw materials to be purchased for the S 1,218,200 your d. What are the total expected cash disbursements for raw materials for the year under this revised budget? Answer is complete but not entirely correct. Total expected cash disbursements for raw materials for the your $ 812,420