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 Budgeted unit sales Selling price per unit 50,000 65,000 105,00065,000 85,000 100,000 $7 per unit 1 Chapter 7: Applying Excel 3 Data Year 2 Quarter Year 3 Quarter 5 Budgeted unit sales 50,000 7Seling price per unn 8Accounts receivable, beginring balance 9 Sales collected in the quarter sales are made 10 Sales colected in the quarer ater sales are made 11Desired ending finished goods inventory is 12 Finished goods ivetory, beginning 13 Raw materials required to produce one unit 14 . Desired ending inventary of raw materals is 15 Raw materials inventory, beginning 6 -Raw material costs 17. Rw materials purchases are paid 18 and $8 per unit $65.000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000units 5 pounds 10% of the next quarter's producton needs 23,000pounds $0 80 per pound 60% in the quarter the purchases are made 40% in the quarter folowing purchase 19 -Accounts payable for raw materals, beginning balans $81,500 20 $81,500 equler foie t are the total expected cash collections for the year under this revised budget? ected cash collections for the year