Please include excel formulas for the cells with question marks.

Chapter 8: Applying Excel Year 3 Quarter 1 2 70,000 80,000 Year 2 Quarter 2 2 3 60,000 100 000 Data 50,000 40.000 Budgeted unit 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 58 per unit 565.000 7596 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 SO 80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase S81.500 . M Enter a formula into each of the cells marked with a 7 below Review Problem: Budget Schedules 18 Year 3 Quarter 3 4 Construct the sales budget Year 2 Quarter 2 3 ? 2 ? PER ? ? 2 Budgeted unit sales Selling price per unit Total sales Construct the schedule of expected cash collections Year 2 Quarter 2 3 4 Year ? ? 2 2 Accounts recevable beginning balance First quarter sales Second-quarter sales Thirdquarter sales Fourth-quarter sales Total cash collections ? 2 2 2 7 2 4 Year 3 Quarter 4 Year Construct the production budget Year 2 Quarter 2 3 ? ? 2 2 ? 2 ? 2 ? 2 Budgeted unit sales Add desired finished goods inventory Total needs Less beginning inventory Required production ? 2 2 7 7 Year 3 Quarter Construct the raw materials purchases budget 4 Year mi Year 2 Quarter 2 3 2 ? 75 bal ? THUN 2 2 ? 2 ? 2 ? 2 ? ? Required production (units) Raw materials required to produce one unit Production needs (pounds) Add desired ending inventory of raw materials (pounds) Total needs (pounds) Less beginning inventory of raw materials (pounds) Raw materials to be purchased Cost of raw materials per pound Cost of raw materials to be purchased ? 21 ? Year 2 Quarter 2 3 Construct the schedule of expected cash payments Year 4 ? ? 2 Accounts payable, beginning balance First-quarter purchases Second-quarter purchases Third-quarter purchases Fourth-quarter purchases Total cash disbursements Page 1 2