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 45,000 70,000 110,000 65,000 80,000 95,000 Budgeted unit sales Selling price per unit $7 per unit Chapter 7: Applying Excel 3 Data 5 Budgeted unit sales Year 2 Quarter Year 3 Quarter 4 65,000 2 95,000 45,000 70,000 110,000 80,000 Selling price per unit S8 per unit 8Accounts receivable, beginning balance 9 Sales collected in the quarter sales are made 0 Sales collected in the quarter after sales are made 11Desired ending finished goods inventorys 12 .Finished goods inventory, beginning 13 Raw materials required to produce one unit 14Desired ending inventory of raw materials is 5Raw materials inventory, beginning 16Raw material costs 7.Raw materials purchases are paid 18 and 9 .Accounts payable for raw materials, beginning balance S65,000 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 $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500