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 Data 1 2 3 4 Budgeted unit sales 45,000 65,000 105,000 75,000 Selling price per unit $7 Year 3 Quarter 1 2 85,000 100,000 B C D E F G 1 Chapter 8: Applying Excel Data 45,00 1 45,000 2 65,000 5,000 105.000 3 105,000 4 75,000 Year 3 Quarter 1 85,000 2 100,000 Budgeted unit sales $ 7 per unit $ 65,000 75% 8 25% 6 . Selling price per unit 7 . Accounts receivable, beginning balance 1. Sales collected in the quarter sales are 9 made 101. Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory 12 is 13 1. Finished goods inventory, beginning 14. Raw materials required to produce one unit 1. Desired ending inventory of raw materials 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 15 16 $ | 17 | Raw materials inventory, beginning 18 Raw material costs 19. Raw materials purchases are paid and 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 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 budget? Total required production for the year 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 raw materials for the year