Chapter 9: Applying Excel Data Budgeted unit sales Year 2 Quarter Year 3 Quarter 40,000 60,000 100,000 50,000 70,000 80,000 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 $8 per unit $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units pounds 10% of the next quarter's production needs 23,000 pounds 50.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase an Accounts payable for raw materials, beginning balance $81,500 Enter a formula into each of the cells marked with a ? below Review Problem: Budget Schedules Construct the sales budget Year 2 Quarter Year 3 Quarter Budgeted unit sales Selling price per unit Total sales Construct the schedule of expected cash collections Year 2 Quarter Year Accounts receivable, beginning balance First-quarter sales Second-quarter sales Third-quarter sales Fourth-quarter sales Total cash collections Construct the production budget Year 2 Quarter Year 3 Quarter Year Budgeted unit sales Add desired finished goods inventory lotal needs Less beginning inventory Required production