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 50,000 Year 2 Quarter 2 3 70,000 120,000 4 75,809 Year 3 Quarter 1 85,800 90,000 1 Chapter 3: Applying Excel Year Quarter 3 Data 000 70.000 120,000 35 000 75 000 5 Budgeted unit sales per unit 7 . Selling price per unit 17 of 17 I! Return to question Required information 5 Budgeted unit sales 50,000 70.000 120.000 75 000 85.000 90.000 S per unit $ 7 65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 7 8 9 10 11 12 13 14 15 16 17 18 19 - Selling price per unit - Accounts receivable, beginning balance - Sales collected in the quarter sales are made - Sales collected in the quarter after sales are made . Desired ending finished goods inventory is - Finished goods inventory, beginning - Raw materials required to produce one unit - Desired ending Inventory of raw materials is - Raw materials inventory, beginning . Raw material costs - Raw materials purchases are paid and Accounts payable for raw materials, beginning balance 5 pounds of the next quarter's production needs of the 10% 23.000 pounds 0.80 60% 40% 81,500 per pound in the quarter the purchases are made in the quarter following purchase $ Required information a. What are the total expected cash collections for the year under this revised budget? Answer is complete but not entirely correct Expected cash collections for the S 1.990.000 year b. What is the total required production for the year under this revised budget? Total required production for the year -. 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