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 10 Sales collected in the quarter sales are made Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory is 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 20 21 Enter a formula into each of the cells marked with a ? below 22 23 24 Construct the sales budget 25 26 Budgeted unit sales 27 Selling price per unit 28 Total sales 29 30 Construct the schedule of expected cash collections 31 32 Accounts receivable, beginning balance 33 First-quarter sales 34 Second-quarter sales 35 Third-quarter sales 36 Fourth-quarter sales 37 Total cash collections 38 39 Construct the production budget 40 41 Budgeted unit sales 42 Add desired finished goods inventory 43 Total needs 44 Less beginning inventory 45 Required production 46 47 Construct the raw materials purchases budget 48 49 Required production (units) 50 Raw materials required to produce one unit B 1 40,000 1 $81,500 7 1 $8 per unit 1 $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 1 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 ? ? ? ? ? ? ? ? ? ? ? Year 2 Quarter 2 60,000 ? ? F 7 D ? ? ? Year 2 Quarter 2 3 100,000 ? ? ? Year 2 Quarter 2 ? ? ? ? ? 3 ? ? Year 2 Quarter 2 3 3 Year 2 Quarter 2 3 ? ? ? ? ? ? ? ? ? ? ? E ? ? 4 50,000 F Y 4 4 4 4 ? ? ? 227 ? ? ? ? ? ? ? ? ? ? Y F Year 3 Quarter 1 70,000 Year Year 3 Quarter 1 Year Year ? ? ? ? ? ? ? ? ? ? ? ? ? ? G ? ? F 2 80,000 2 ? ? ? Year 3 Quarter 1 ? ? ? ? ? Year 3 Quarter 1 H ? ? 2 ? K

1 Chapter 8: Applying Excel 32 Data 54 Budgeted unit sales 66 77. Selling price per unit 8 . Accounts recelvable, beginning balance 9 . Sales colected in the quarter salos are made 10. Sales colected in the quarter atier sales are made 11. Dosred ending fnished goods inventory is 12. Finiahed goods inventory, beginning 13. Raw materials required to produce one unit 14 . Desired ending inventoy of raw materals is 15. Raw matertals inventory, beginning 16 . Raw material costs. 17 . Raw materials purchases are paid 18 and 19 . Accounts payable for raw materials, beginning balance 21 Enfer a formula into each of the cels maked with a ? below 24242322 Cons truct the sales budget 2524 Budgeted unit sales 27 Seling price per unit 28 Total sales 3029 Construct the schedule of expected cash collections 3131 32 Accounts recelvable, beginning balance 32 Fint-quarter sales 34 second-quarter sales 35 Thidequarter sales 36 Fourth-quarter sales 36 Total cash colections 39 Canstruct the production budget 4141 Budgeted unt sales 4241 Add desired fnished goods inventory Total needs Less beginning inventory Required production Construct the raw materials purchases budget Requred production (units) Rave matecals required to produce one unit $8 per unit 565,000 75% 30% of the budgeted unt sales of the next quarter 12,000 units 5 . pounds 10% of the next quaners production needs 23.000 pounds $0.80 per pound 60% in the quarer the purchases are made 40% in the quarter following purchase $81,500 4 1 Chapter 8: Applying Excel 32 Data 54 Budgeted unit sales 66 77. Selling price per unit 8 . Accounts recelvable, beginning balance 9 . Sales colected in the quarter salos are made 10. Sales colected in the quarter atier sales are made 11. Dosred ending fnished goods inventory is 12. Finiahed goods inventory, beginning 13. Raw materials required to produce one unit 14 . Desired ending inventoy of raw materals is 15. Raw matertals inventory, beginning 16 . Raw material costs. 17 . Raw materials purchases are paid 18 and 19 . Accounts payable for raw materials, beginning balance 21 Enfer a formula into each of the cels maked with a ? below 24242322 Cons truct the sales budget 2524 Budgeted unit sales 27 Seling price per unit 28 Total sales 3029 Construct the schedule of expected cash collections 3131 32 Accounts recelvable, beginning balance 32 Fint-quarter sales 34 second-quarter sales 35 Thidequarter sales 36 Fourth-quarter sales 36 Total cash colections 39 Canstruct the production budget 4141 Budgeted unt sales 4241 Add desired fnished goods inventory Total needs Less beginning inventory Required production Construct the raw materials purchases budget Requred production (units) Rave matecals required to produce one unit $8 per unit 565,000 75% 30% of the budgeted unt sales of the next quarter 12,000 units 5 . pounds 10% of the next quaners production needs 23.000 pounds $0.80 per pound 60% in the quarer the purchases are made 40% in the quarter following purchase $81,500 4