Required Information The Chapter 8 Form worksheet is to be used to create your own worksheet version of the Review Proteste Requirement 2 The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the feeling price from $8 to $7. The marketing manager would like to use the following projections in the budget Year 2 quarter Year 3 Quarter 70,000 120.000 70, 90,000 Data Budgeted unit sales Selling price per unit 90.000 50,000 57 1 Chapter 8 Applying Excel 2 Year 3 Quarter 3 Data 70.000 80.000 120,000 TO,000 00.000 90.000 Budgeted unt sales 5 2 5 7 perunt 65,000 75% 9 Beling price per un Counteceivable. Deginning balance Sales collected in the under sales are made Sales con in the guitar after sales are made Dere end ng goods inventory is Fleed godt hventory being 10 2595 3050 of the budgeted unit sales of the nad quarter 12.030 Units 12 A B D 1 Chapter 8. Applying Excel 2 3 Data 1 3 4 Year 3 Quarter 1 20.000 2 2 70,000 50,000 Budgeted unit sales 5 120,000 70,000 90.000 6 5 7 5 7 per unit 65.000 78% 8 9 11 Sering price per unit Accounts receivabe beginning balance Sales collected in the quarter sales are made Sales collected in the quarter after sales are made Desired ending finished goods inventory's - Finished goods inventory beginning Raw materials required to produce one unit Dested ending inventory of raw materialul Raw materials invertory beginning welco Raw materials purchases are id 30 counts payable for ma's beginning balance 12 30% of the budgeted unit sales of the nad quarter 12.000 units pounds 10% of the next autor's craduction needs 23.000 pounds 0.30 pet pound 0 in the quarter the purchases 404 in the surrowing surchase 11.500 13 . 18 1 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 materiais to be purchased for the year What are the total expected cash disbursements for materials for the year under this revised oudget? Required Information The Chapter 8 Form worksheet is to be used to create your own worksheet version of the Review Proteste Requirement 2 The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the feeling price from $8 to $7. The marketing manager would like to use the following projections in the budget Year 2 quarter Year 3 Quarter 70,000 120.000 70, 90,000 Data Budgeted unit sales Selling price per unit 90.000 50,000 57 1 Chapter 8 Applying Excel 2 Year 3 Quarter 3 Data 70.000 80.000 120,000 TO,000 00.000 90.000 Budgeted unt sales 5 2 5 7 perunt 65,000 75% 9 Beling price per un Counteceivable. Deginning balance Sales collected in the under sales are made Sales con in the guitar after sales are made Dere end ng goods inventory is Fleed godt hventory being 10 2595 3050 of the budgeted unit sales of the nad quarter 12.030 Units 12 A B D 1 Chapter 8. Applying Excel 2 3 Data 1 3 4 Year 3 Quarter 1 20.000 2 2 70,000 50,000 Budgeted unit sales 5 120,000 70,000 90.000 6 5 7 5 7 per unit 65.000 78% 8 9 11 Sering price per unit Accounts receivabe beginning balance Sales collected in the quarter sales are made Sales collected in the quarter after sales are made Desired ending finished goods inventory's - Finished goods inventory beginning Raw materials required to produce one unit Dested ending inventory of raw materialul Raw materials invertory beginning welco Raw materials purchases are id 30 counts payable for ma's beginning balance 12 30% of the budgeted unit sales of the nad quarter 12.000 units pounds 10% of the next autor's craduction needs 23.000 pounds 0.30 pet pound 0 in the quarter the purchases 404 in the surrowing surchase 11.500 13 . 18 1 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 materiais to be purchased for the year What are the total expected cash disbursements for materials for the year under this revised oudget