please show formulas looking for FORMULAS in your cells. Do not plug numbers into your cells - I want to be able to change the number of sales in units in your Sales Budget and see the WHOLE budget update. Please make sure you interlock your budgets with formulas.

A:l:H1 fx. Master Budget Project Vaughan Company makes AMAZING SUPER DUPER Widgets. Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist in budget preparation: 1. Sales Budget The marketing department has estimated sales as follows for the remainder of the year: (Actual sales in June were 5,000 units) \begin{tabular}{|r|r|l|l|} \hline July & 4,000 & October & 4,000 \\ \hline August & 12,000 & November & 6,000 \\ \hline September & 15,000 & December & 8,000 \\ \hline \end{tabular} The selling price of a SUPER DUPER widget is $80 and all sales are on account. Based on past experience, sales are collected in the following pattern: 20% in the month of sale 75% in month following the sale 5% are never collected (uncollectible) Vaughan Company Total Sales Budget 3rd Quarter July August September 3rd Quarter \begin{tabular}{|l|l|l|l|l|} \hline & & & & \\ \hline Sales in Units & & & & \\ \hline Selling Price per Unit & & & & \\ \hline Total Sales in $ & & & & \\ \hline & & & & \\ \hline Cash Collections & & & & \\ \hline June's Cash Collections & & & & \\ \hline July's Cash Collections & & & & \\ \hline August's Cash Collections & & & & \\ \hline September's Cash Collections & & & & \\ \hline Total Cash Collections & & & & \\ \hline \end{tabular} 2. Production Budget The company maintains a finished goods inventory equal to 10% of the following month's sales. The inventory of finished goods on July 1 is as it should be. \begin{tabular}{|c|c|c|c|c|} \hline Vaughan Company & & & & \\ \hline Production Budget & & & & Total \\ \hline 3rd Quarter & July & August & September & 3rd Quarter \\ \hline \multicolumn{5}{|l|}{ Budgeted Sales in Units } \\ \hline \multicolumn{5}{|c|}{ Add: Desired Ending Inventory } \\ \hline \multicolumn{5}{|l|}{ Total Needs } \\ \hline \multicolumn{5}{|l|}{ Less: Beginning Inventory } \\ \hline Required Production & & & & \\ \hline \end{tabular} A:l:H1 fx. Master Budget Project Vaughan Company makes AMAZING SUPER DUPER Widgets. Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist in budget preparation: 1. Sales Budget The marketing department has estimated sales as follows for the remainder of the year: (Actual sales in June were 5,000 units) \begin{tabular}{|r|r|l|l|} \hline July & 4,000 & October & 4,000 \\ \hline August & 12,000 & November & 6,000 \\ \hline September & 15,000 & December & 8,000 \\ \hline \end{tabular} The selling price of a SUPER DUPER widget is $80 and all sales are on account. Based on past experience, sales are collected in the following pattern: 20% in the month of sale 75% in month following the sale 5% are never collected (uncollectible) Vaughan Company Total Sales Budget 3rd Quarter July August September 3rd Quarter \begin{tabular}{|l|l|l|l|l|} \hline & & & & \\ \hline Sales in Units & & & & \\ \hline Selling Price per Unit & & & & \\ \hline Total Sales in $ & & & & \\ \hline & & & & \\ \hline Cash Collections & & & & \\ \hline June's Cash Collections & & & & \\ \hline July's Cash Collections & & & & \\ \hline August's Cash Collections & & & & \\ \hline September's Cash Collections & & & & \\ \hline Total Cash Collections & & & & \\ \hline \end{tabular} 2. Production Budget The company maintains a finished goods inventory equal to 10% of the following month's sales. The inventory of finished goods on July 1 is as it should be. \begin{tabular}{|c|c|c|c|c|} \hline Vaughan Company & & & & \\ \hline Production Budget & & & & Total \\ \hline 3rd Quarter & July & August & September & 3rd Quarter \\ \hline \multicolumn{5}{|l|}{ Budgeted Sales in Units } \\ \hline \multicolumn{5}{|c|}{ Add: Desired Ending Inventory } \\ \hline \multicolumn{5}{|l|}{ Total Needs } \\ \hline \multicolumn{5}{|l|}{ Less: Beginning Inventory } \\ \hline Required Production & & & & \\ \hline \end{tabular}