D Required Information The Chapter 8 Form worksheet is to be used to create your own worksheet version of the Review Problem in the text. 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 Budgeted unit sales Selling price per unit 1 Chapter 8: Applying Excel 2 3 4 5 6 7 B 9 Data Budgeted unit sales A 45,000 67. Selling price per unit Accounts receivable, beginning balance Sales collected in the quarter sales are made Year 2 Quarter 2 70,000 120,000 $ $ B 1 60,000 45,000 65,000 75% 2 7 per unit Year 3 Quarter 1 2 85,000 100,000 70,000 D 3 120.000 E 4 60,000 F Year 3 Quart 1 85,000 G 2 100,000 1 Chapter 8: Applying Excel 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Data Budgeted unit sales A 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 19 Accounts payable for raw materials, beginning balance $ $ $ $ B 1 45,000 7 per unit 65,000 75% 2 70,000 23,000 pounds D 3 120,000 5 pounds of the next quarter's production needs 25% 30% of the budgeted unit sales of the next quarter 12,000 units 4 0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase 81,500 60,000 Year 3 Quarter 1 85,000 G 2 100,000 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