I only need help with the following two questions:

1) What is the total cost of Raw Materials to be purchased this year (year 2) under the revised budget?

2) What are the total expected cash disbursements for Raw Materials for the year under the revised budget?

I have a strong grasp of the concepts, but there must be some tiny mistake I am making somewhere in the process.

For part 1: I got $1,096,800 (w/o acc. pay. inclusion) and $1,279,100 including it. Both answers are graded as wrong.

For part 2: I got $1,096,800 and $1,178,300 (w and w/o acc. payable). Both answers are graded as wrong.

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 4 2 50,000 65,000 120,000 60,000 90,000 90,000 Budgeted unit sales Selling price per unit $7 per unit 1 Chapter 7: Applying Excel 2 3 Data 4 5 Budgeted unit sales Year 2 Quarter 2 65,000 Year 3 Quarter 4 60,000 2 90,000 50,000 120,000 90,000 7Selling price per unit $8 per unit 8Accounts receivable, beginning balance 9 . Sales collected in the quarter sales are made 10 Sales collected in the quarter after sales are made 11Desired ending finished goods inventory is 12 Finished goods inventory, beginning 13 . Raw materials required to produce one unit 14 - Desired ending inventory of raw materials is 15 Raw materials inventory, beginning 16Raw material costs 17. Raw materials purchases are paid 18 and 19Accounts payable for raw materials, beginning balance 20 $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500