Year 2 Quarter Data Dodgeted unit sales Selling price per unit Year 3 Quarter 2 80,000 100.000 65,000 110.000 50.000 $7 75,000 B D E F G 1 3 4 2 65,000 Year 3 Quarter 1 80,000 2 100,000 50,000 110,000 75.000 $ $ A 1 Chapter 8: Applying Excel 2 3 Data 4 5 Budgeted unit sales 6 7 Selling price per unit 8 - Accounts receivable beginning balance 9 Sales collected in the quarter sales are made 10 Sales collected in the quarter after sales are made Desired ending finished goods inventory is 11 12 Finished goods inventory beginning 13 Raw materiais required to produce one unit 14 Desired ending Inventory of raw materials is Raw materials inventory, beginning 15 Raw material costs 16 Raw materials purchases are paid 12 and 18 * Accounts payable for raw materials, beginning balance 19 7 per unit 65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds 0.00 per pound 00% in the quarter the purchases are made 40% in the quarter following purchase 81,600 $ * 5 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 Requirement 2: The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the seling price from $8 to $7. The marketing manager would like to use the following projections in the budget Data Budgeted unit malen Selling price per unit Year 2 Quarter 2 3 70,000 115,000 Year 3 Quarter 1 80,000 90,000 45,000 $7 75,000 B D E F G 1 A Chapter 8. Applying Excel 2 3 4 Data Yoar 3 Quarter 1 3 1 2 70,000 Budgeted unit sales 4 75.000 2 90,000 5 45,000 115,000 80,000 $ $ 6 7 Selling price per unit - Accounts receivable, beginning balance 9 Sales collected in the quarter sales are made 10 - Sales collected in the quarter after sales are made Desired ending finished goods inventory is 11 Finished goods inventory, beginning 12 Raw materials required to produce one unit 13 Desired ending inventory of raw materials is Raw materials inventory, beginning 15 Raw material costs 16 Raw materials purchases are paid 17 18 - Accounts payable for raw materials, beginning balance 19 + 7 per unit 65.000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 5 pounds 10% of the next quarter's production needs 23,000 pounds 0.80 por pound 60% in the quarter the purchases are made 40% in the quarter following purchase 81,500 $ and $ 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
