the below information is needed for the problem
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: Year 2 Quarter Year 3 Quarter Data 1 2 3 4 1 2 Budgeted unit sales 50, 000 65,000 120,000 65,000 90 , 000 90, 000 Selling price per unit $7 A B C D E F G 1 Chapter 8: Applying Excel 2 3 Data Year 3 Quarter 4 1 2 3 4 2 5 Budgeted unit sales 50,000 65,000 120,000 65,000 90,000 90,000 6 7 . Selling price per unit $ 7 per unit 8 . Accounts receivable, beginning balance $ 65,000 . Sales collected in the quarter sales are 9 made 75% 10 . Sales collected in the quarter after sales 1 1 are made 25% 12 . Desired ending finished goods inventory is 30% of the budgeted unit sales of the next quarter 13 . . Finished goods inventory, beginning 12,000 units 14 . Raw materials required to produce one 15 unit 5 pounds 16 . Desired ending inventory of raw materials 17 IS 10% of the next quarter's production needs 18 * Raw materials inventory, beginning 23,000 pounds 19 . Raw material costs $ 0.80 per pound . Raw materials purchases are paid 60% in the quarter the purchases are made and 40% in the quarter following purchase a. What are the total expected cash collections for the year under this revised budget? Expected cash collections for the year b. What is the total required production for the year under this revised budget? Total required production for the year c. What is the total cost of raw materials to be purchased for the year under this revised budget? Total cost of raw materials to be purchased for the year d. What are the total expected cash disbursements for raw materials for the year under this revised budget? Total expected cash disbursements for raw materials for the year