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 S7. The marketing manager would like to use the following projections in the budget Data Year 2 Quarter Year 3 Quarter 4 2 5,000 70,000 105,000 60,000 90,000 95,000 Budgeted unit sales Selling price per unit S7 per unit 1 Chapter 7: Applying Excel 3 Data 5 Budgeted unit sales 7Selling price per unit Year 2 Quarter Year 3 Quarter 45,000 70,000 105,000 60,000 90,000 95,000 $8 per unit 8Accounts receivable, beginning balance 9 Sales 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 13Raw materials required to produce one unit 14Desired ending inventory of raw materials is 15Raw materials inventory, beginnin 16Raw material costs 17Raw materials purchases are paid 18 and 9Accounts payable for raw materials, beginning balance 20 $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 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