a. What are the total expected cash collections for the year under this revised budget? Expected...

Transcribed Image Text:

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 e. After seeing this revised budget, the production manager cautioned that due to the current production constraint, a complex milling machine, the plant can produce no more than 90,000 units in any one quarter. Is this a potential problem? O No O Yes A D E. G. Chapter 8: Applying Excel Data Year 3 Quarter 4 2 Budgeted unit sales 45,000 65,000 120,000 75,000 2.000 95,000 - Seling price per unit 7 per unit 65,000 Accounts receivable, beginning balance %24 • Sales collected in the quarter sales are made 75% Sales collected in the quarter after sales are made 25% 2. - Desired ending finished goods inventory is 30% of the budgeted unit sales of the next quarter Finished goods inventory, beginning - Raw materials required to produce one unit - Desired ending inventory of raw materials is • Raw materials inventory, beginning 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds - Raw material costs 0.80 per pound • Raw materials purchases are paid 60% in the quarter the purchases are made and 40% in the quarter following purchase Accounts payable for raw materials, beginning balance 81,500 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 e. After seeing this revised budget, the production manager cautioned that due to the current production constraint, a complex milling machine, the plant can produce no more than 90,000 units in any one quarter. Is this a potential problem? O No O Yes A D E. G. Chapter 8: Applying Excel Data Year 3 Quarter 4 2 Budgeted unit sales 45,000 65,000 120,000 75,000 2.000 95,000 - Seling price per unit 7 per unit 65,000 Accounts receivable, beginning balance %24 • Sales collected in the quarter sales are made 75% Sales collected in the quarter after sales are made 25% 2. - Desired ending finished goods inventory is 30% of the budgeted unit sales of the next quarter Finished goods inventory, beginning - Raw materials required to produce one unit - Desired ending inventory of raw materials is • Raw materials inventory, beginning 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds - Raw material costs 0.80 per pound • Raw materials purchases are paid 60% in the quarter the purchases are made and 40% in the quarter following purchase Accounts payable for raw materials, beginning balance 81,500

Answer rating: 100% (QA)

Data Year 2 Quarter Year 3 Quarter 1 2 3 4 1 Budgeted unit sales 50000 65000 120000 65000 80000 9500... View the full answer