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

b.	What is the total required production for the year under this revised budget?

c.	What is the total cost of raw materials to be purchased for the year under this revised budget?

d.	What are the total expected cash disbursements for raw materials for the year under this revised budget?

15.00 points Requirement 2: The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projections in the budget Data Year 2 Quarter Year 3 Quarter 50,000 65,000 115,000 75,000 85,000 95,000 Budgeted unit sales Selling price per unit $7 per unit 1 Chapter 8: Applying Excel 3 Data Year 2 Quarter Year 3 Quarter Budgated unit sales 50,000 65,000 115,000 75,000 95,000 95,000 7 -Soling proe per unit 7 por unit $65,000 8Accounts receivable, beginning balance 9Sales collected in the quarter sales are made 0Sales collected in the quarter aftor sales are made 11 Desred ending finished goods inventory is 2 Finished goods invantory, boginning 13Raw materials required to produce one unit 14Desired ending inventory of raw materials is 15% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarters production needs 23,000 pounds Raw materials inventory, beginning 6Raw mateial costs 7Raw materials purchases are pald 1 and 19 Accounts payable for raw materals, beginning balance 20 $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter folowing purchase $81.500 15.00 points Requirement 2: The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projections in the budget Data Year 2 Quarter Year 3 Quarter 50,000 65,000 115,000 75,000 85,000 95,000 Budgeted unit sales Selling price per unit $7 per unit 1 Chapter 8: Applying Excel 3 Data Year 2 Quarter Year 3 Quarter Budgated unit sales 50,000 65,000 115,000 75,000 95,000 95,000 7 -Soling proe per unit 7 por unit $65,000 8Accounts receivable, beginning balance 9Sales collected in the quarter sales are made 0Sales collected in the quarter aftor sales are made 11 Desred ending finished goods inventory is 2 Finished goods invantory, boginning 13Raw materials required to produce one unit 14Desired ending inventory of raw materials is 15% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarters production needs 23,000 pounds Raw materials inventory, beginning 6Raw mateial costs 7Raw materials purchases are pald 1 and 19 Accounts payable for raw materals, beginning balance 20 $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter folowing purchase $81.500