Question: Chapter 3: Applying Excel Data 1 40,000 Year 2 Quarter 2 3 60,000 100,000 Year 3 Quarter + 2 70 000 80,000 50.000 sa perunit

Chapter 3: Applying Excel Data 1 40,000 Year 2 Quarter 2 3 60,000 100,000 Year 3 Quarter + 2 70 000 80,000 50.000 sa perunit $65,000 75% 25% 30% of the budgeted unt sales of the next quarter 12.000 units 5 pounds 10% of the next quarter's production needs 23.000 pounds $0.80 par pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81.500 Budgeted unt sales 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 Desired ending finished goods inventory is Finished goods inventory beginning Raw materials required to produce one unit Desired ending inventory of raw materials is Raw materials inventory beginning Raw material costs Raw materials purchases are paid and Accounts payable for raw materials, beginning balance Enter a fome into each of the cells mated with a ? below Review Problem: Budget Schedules Construct the sales budget Budgeled unt sales Soling price per unit Total sales Construct the schedule of expected cash collections Accounts receivable, beginning balance First quarter sales Second quarter sales Third quarter sales Fourth quarter sales Total cash collections Construct the production budget Budgeted unt sales Add desired finished goods inventory Total needs Less beginning inventory Required production 1 F 2 2 2 Year 2 Quarter 3 2 2 2 ? 2 2 2 ? 7 Year 3 Quarter 1 2 2 ? ? ? 7 ? 1 Year 2 Quarter 2 3 4 Year ? ? ? ? 2 2 2 2 ? ? 2 2 7 2 2 2 4 Year Year Quarter 2 ? > ? 2 Yoar 2 Quarter 2 3 2 2 2 7 7 7 7 ? 7 2 2 ? 2 2 2 2 2 2 7 2 1 4 Year 2 2 2 2 2 2 Yoar 2 Quarter 2 3 2 ? 2 2 2 7 2 2 7 2 2 ? 2 2 ? 2 ? ? 2 2 Year 3 Quarter 1 2 2 ? ? 2 ? 1 4 Year Year 2 Quarter 2 3 2 7 2 2 Year 3 Quarter 1 2 7 7 Construct the production budget Budgeted unt sales Add desired finished goods inventory Total needs Less beginning inventory Required production Construct the raw materials purchases budget Required production (units Raw materials required to produce one un Production needs pounds) Add desired ending inventory of raw material pounds) Total needs (pounds) Loss beginning inventory of raw materials (pounds) Raw materials to be purchased Cost of raw materials per pound Cost of raw materials to be purchased Constructore schedule of expected cash payments Accounts payable beginning balance First quarter purchases Second quarter purchases Third-quarter purchases Fourth quarter purchases Total cash disbursements ? 7 2 ? 7 2 ? 2 2 2 ? 2 7 2 2 2 2 ? 2 ? 2 2 2 2 2 3 ? 2 7 2 ? 2 2 2 2 2 ? 7 2 2 Yoar 2 Quarter 2 3 1 4 Year ? 2 2 7 2 2 2 2 2 2 2 2 2 2 ? 7

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