Home | Microsoft 365 Excel Final Excel Project Accounting - Saved chapter8.pptx: Managerial Accounting Final Excel Project Accounting.xlsx Search (Option+ Q) Formulas Data i Review View Help Editing v V B Av Custom File Home Insert Draw Page Layout Arial 10 G56 fx A 1 B C D E F G H Sales collected in the quarter sales are made 2 3 Datal 4 5 Budgeted unit sales 6 7 Selling price per unit 8 Accounts receivable, beginning balance 9 10 11 12 13 14 15 16 Raw material costs 17 Raw materials purchases are paid 18- and 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 19 Accounts payable for raw materials, beginning balance 20 21 Enter a formula into each of the cells marked with a ? below Year 2 Quarter Year 3 Quarter 1 2 3 30,000 50,000 80,000 4 40,000 1 60,000 2 70,000 $6 per unit $45,000 80% 20% 25% of the budgeted unit sales of the next quarter 8,000 units 7 pounds 20% of the next quarter's production needs 13,000 pounds $0.70 per pound 65% in the quarter the purchases are made 35% in the quarter following purchase $71,500 22 23 24 Construct the sales budget 25 26 Budgeted unit sales 27 Selling price per unit 28 Total sales 29 30 Construct the schedule of expected cash collections 31 32 Accounts receivable, beginning balance 33 First-quarter sales 34 Second-quarter sales Instruction 1st Part 2nd Part + Calculation Mode: Automatic Workbook Statistics Year 2 Quarter Year 3 Quarter 1 2 3 4 1 2 ? ? ? ? ? ? ? 2 2 ? ? ? ? ? ? ? ? ? Year 2 Quarter 1 2 3 4 Year ? ? ? ? ? ? ? Mail-Sava