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 follo wing projections in the budget: Data Year 2 Quarter Year 3 Quarter 50,000 70,000 105,000 70,000 80,000 90,000 Budgeted unit sales Selling price per unit $7 per unit 1 Chapter 7: Applying Excel Year 2 Quarter Year 3 Quarter 3 Data 4 5 Budgeted unit sales 50,000 70,000 105,000 70,000 80,000 90,000 7Selling price per unit 8Accounts receivable, beginning b 9Sales collected in the quarter sales are made 10 .Sales collected in the quarter after sales are made 11Desired ending finished goods inventory is 12.Finished goods inventory, beginning 13.Raw 14Desired ending inventory of raw materials is 15 .Raw materials inventory, beginning 16Raw material costs 17.Raw materials purchases are paid 18 and 19 .Accounts payable for raw materials, beginning balance 20 S8 per unit S65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units materials required to produce one unit 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 S81,500