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 50,000 70,000 110,000 75,000 85,000 100,000 Budgeted unit sales Selling price per unit $7 per unit 1 Chapter 9: Applying Excel 3 Data Year 2 Quarter Year 3 Quarter 5 Budgeted unit sales 50.000 70,000 110,000 75,000 85,000 100,000 $7 per unit 7 Selling price per unit B Acounts receivable, beginning balance $65,000 15% 25% 30% of the budgeted unit sales of the next quarter 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 13 Raw materials required to produce one unit 14 Desired ending inventory of raw materials is 15Raw materials inventory, beginning 16 Raw material costs 17 Raw materials purchases are paid 18 and 19Accounts payable for raw materials, beginning balance 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 rm 40% in the quarter following purchase ade $81.500