URGENT

A 1 Chapter 8: Applying Excel 7568LOS EN 2 3 Data 4 5 Budgeted unit sales Selling price per unit Accounts receivable, beginning balance Sales collected in the quarter sales are made 10 Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory is 9 12 Finished goods inventory, beginning 13 Raw materials required to produce one unit 14 Desired ending inventory of raw materials is 15 Raw materials inventory, beginning 16 Raw material costs 17 Raw materials purchases are paid 18 and 19 Accounts payable for raw materials, beginning balance 06 20 21 Enter a formula into each of the cells marked with a ? below 22 Review Problem: Budget Schedules 23 24 Construct the sales budget Chapter 8 Form Ready B 1 40,000 C Year 2 Quarter 2 60,000 $8 per unit $81,500 Y D $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 3 100,000 5 pounds 10% of the next quarter's production needs 23,000 pounds Year 2 Quarter 2 $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase 3 E 4 50,000 4 F Year 3 Quarter 1 70,000 Year 3 Quarter 1 E G 2 2 80,000 H

B IU Font Nigrment 25% A B D. E G 21 Enter a formula into each of the cells marked with a ? bolow 22 Review Problem: Budget Schedules 24 Construct the sales budget 25 26 Budgeted unit sales 27 Selling price per unit 28 Total sales. 29 Construct the schedule of expected cash collections 31 Accounts receivable, beginning balance 32 Accounts receivabies 34 Second-quarter sales 35. Third-quarter sales 36 Fourth-quarter sales 37 Total cash collections 38 Construct the production budget 39 Construct the production bidget 40 41 41 42 Add desired finished goods invertory 43 Total needs 44 Less beginning inventory