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 Year 2 Quarter Year 3 Quarter 2 Budgeted unit sales Selling price per unit 45,000 70,000 115,000 60,000 85,000 95,000 $7 per unit 1 Chapter 7: Applying Excel 2 3 Data Year 2 Quarter Year 3 Quarter 5 Budgeted unit sales 45,000 70,000 115,000 60,000 85,000 95,000 Selling price per unit $8 per unit 8 Accounts receivable, beginning balance 9Sales collected in the quarter sales are made 0Sales collected in the quarter after sales are made $65,000 75% 25% 30% of the budgeted unit sales of the next quarter Desired ending finished goods inventory is 2 Finished goods inventory, beginning 3Raw materials required to produce one unit 14Desired ending inventory of raw materials is 15Raw materials inventory, beginning 16Raw material costs 17Raw materials purchases are paid 18 and 19.Accounts payable for raw materials, beginning balance 20 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