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 s8 to $7. The marketing manager would like to use the following projections in the budget: Data Budgeted unit sales Year 2 Quarter Year 3 Quarter 45,000 65,000 105,000 70,000 85,000 100,000 Selling price per unit $7 per unit Excel 3 Data 5 Budgeted unit sales .Selling price per unit Year 2 Ouarter Year 3 Quarter 45.000 55,000 105,000 70,000 05,000 100,000 $7 per unit 8Accounts receivable, baginning balance S5,000 75% 25% 30% of the budgeted unit sales of the next quarter Sales colected in the quarter sales are made 0Sales colected in the quarter afer sales are made 1Desired ending finished goods inventory is 2 Finished goods inventory, beginning 3.Raw materials required to produce one uni 4Desired ending inventory of raw materials is 5.Raw materials inventory, beginning 16Raw material costs 7.Raw materials purchases are paid 1 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 S0.80 per pound 60% in the quarter the purchases are made 40% in the quarter folowing purchase 581,500 a. What are the total expected cash collections for the year under this revised budgel? cash collections for the b. What is the total required production Tor the year under this revised budget? Total required pr n for the