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:

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 58 to $7. The marketing manager would like to use the following projections in the budget: Budgeted unit sales Selling price per unit 50,000 70,000 110,000 60,000 85,000 95,000 $7 per unit Chapter 7: Applying Excel 5 Budgeted unit sales 50.000 70,000 110,000 60,000 85,000 95,000 .Selling price per unit 8 Accounts receivable, beginning balance 9Sales collected in the quarter sales are made 10 Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory is 12 Finished goods inventory, beginning 3Raw materials required to produce one unit 14Desired ending inventory of raw materials is 15 Raw materials inventory, beginning S8 per unit 25% 30% of the budgeted unit sales of the next quarter 12,000 units 10% of the next quarter's production needs 23,000 pounds 50.80 per pound 17Raw materials purchases are paid 18 and 60% inthe quarter the purchases are made 40% in the quarter following purchase 19.Accounts payable for raw materials, beginning balance $81,500 a. What are the total expected cash collections for the year under this revised budget? b. What is the total required production for the year under this revised budget? I required production for the year : units c. What is the total cost of raw materials to be purchased for the year under this revised budget? d. What are the total expected cash disbursements for raw materials for the year under this revised budget? l expected cash disbursements for raw materials for the year