Year 3 Quarter Year 2 Quarter 3 70,000 110,000 Data Budgeted unit sales Selling price per unit Years everter 50,000 65,000 80,000 90,000 $7 1 Chapter 8: Applying Excel 3 Data 1 50,000 2 70,000 3 110,000 4 65,000 Year 3 Quarter 1 80,000 2 90,000 Budgeted unit sales $ 7 . Selling price per unit Accounts receivable, beginning balance Sales collected in the quarter sales are made Sales collected in the quarter after sales are made 11 . Desired ending finished goods inventory is Finished goods inventory, beginning 13 - Raw materials required to produce one unit 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 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 0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase 81,500 $ a. What are the total expected cash collections for the year under this revised budget? Expected cash collections for the year $ 2,016,250 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