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 Year 3 Quarter 1 50,000 2 70,000 3 1 2 115,000 70,000 80,000 90,000 $7 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 14 Raw materials required to produce one unit Desired ending inventory of raw materials is 15 Raw materials inventory, beginning 16 Raw material costs B C D E F G 1 2 3 4 Year 3 Quarter 1 2 50,000 70,000 115,000 70,000 80.000 90,000 S 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 $ 0.80 per pound 9 < Prev SN 2 of 2 Next >