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 1 Chapter 8: Applying Excel 2 3 Data 4 5 Budgeted unit sales A Year 2 Quarter 2 Year 1 Quarter 4 45,000 65,000 105,000 65,000 85,000 95,000 37 B C D B G 1 2 3 Year 3 Quartor 1 2 45,000 65,000 105.000 65.000 85,000 95,000 6 7 Selling price per unit S 7 per unit 8 Accounts receivable beginning balance $ 65,000 9 Sales collected in the quarter sales are made 75% 10 Sales collected in the quarter after sales are made 25% 11 Desired ending finished goods inventory is 30% of the budgeted unit sales of the next quarter 12 Finished goods inventory, beginning 12,000 units 13 Raw materials required to produce one unit 5 pounds 14 Desired ending inventory of raw materials is 10% of the next quarter's production needs 15 Raw matenals inventory, beginning 23,000 pounds 16 Raw material costs S 080 per pound 17 Raw materials purchases are paid 60% in the quarter the purchases are made 18 and 40% in the quarter following purchase 19 Required information Desired ending inventory of raw materials is 15 Raw materials inventory, beginning 10% of the next quarter's production needs 23,000 pounds 16 Raw material costs S 0.80 per pound 17 Raw materials purchases are paid 18 and 19 Accounts payable for raw materials beginning balance 60% in the quarter the purchases are made 40% in the quarter following purchase 81,500 a. What are the total expected cash collections for the year under this revised budget? Expected cirth collections for the yout $ 1,011,250 b. What is the total required production for the year under this revised budget? Total required production for the year 293 500 View previous atterm b. What is the total required production for the year under this revised budget? Total required production for the year 293,500 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 year d. What are the total expected cash disbursements for raw materials for the year under this revised budget? Total expected cash disbursements for row materials for the year i