Undo G15 A Copy Paste Format Painter Clipboard fx B Fy BT U- Font C T D E 22 Wrap Text Merge & Center Alignment F Custom Accent3 Accent4 Conditional Format as Formatting Accents Comma Table Number Styles G H 1 Function: SUM; Formulas: Subtract, Multiply; Cell Referencing 2 3 BE6.3 - Using Excel to Create a Production Budget 4 PROBLEM 5 Filling in for his supervisor, who suddenly left the company, Harvey 6 quickly evaluated the situation to wrap up his department's 7 production budget. The department currently holds enough inventory 8 to be in compliance with its standard which is based on the following 9 month's budgeted sales. From the sales and previous budgets, he 10 learned the budgeted unit sales for the next 4 months and the 11 standard for holding inventory at month end which are both presented Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. Show the production budget that Harvey would assemble for the next quarter. Month 1 Month 2 Month 3 Quarter 12 Budgeted sales volume 5,000 4,500 6,000 15,500 13 Unit sales per month Target ending FG Inventory 500 450 600 1,550 14 Month 1 5,000 Total units needed 5,500 4,950 6,600 17.050 15 Month 2 4,500 Beginning FG Inventory 16 Month 3 6,000 Budgeted units to be produced 17 Month 4 6,500 18 Ending inventory standard 19 Materials held at month end 10% 20 21 22 23 24 25