The Chapter 8 Form worksheet is to be used to create your own worksheet VersioH lequirement...

 

  

 

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The Chapter 8 Form worksheet is to be used to create your own worksheet VersioH lequirement 2: he company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling rice from $8 to $7. The marketing manager would like to use the following projections in the budget: Year 3 Quarter Year 2 Quarter 2. 70,000 105,000 1. Data Budgeted unit sales Selling price per unit 70,000 85,000 100,000 50,000 $7 1. Chapter 8: Applying Excel 2. Year 3 Quarter 3. Data 4. 21 3. 4. 2. 50,000 70,000 105,000 70,000 85,000 100,000 5. Budgeted unit sales 6. 7 per unit Selling pric Accounts receivable, beginning balance 7. per unit %24 65,000 Sales collected in the quarter sales are made 75% Required information 2 3. Budgeted unit sales 50,000 70,000 105.000 70,000 85,000 100,000 6. 7. - Selling price per unit 7 per unit Accounts receivable, beginning balance 66,000 Sales collected in the quarter sales are made 75% 10 Sales collected in the quarter afer sales are made 25% Desired ending finished goods inventory is 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 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 1 12 10% of the nexd quarter's production needs 23,000 pounds 0.80 per pound 60% in the quarter the purchases are made 16 Raw material costs 17 Raw materials purchases are paid 40% in the quarter following purchase 81,500 18 and 19 Accounts payable for raw materials, beginning balance 3. 4. 2. 4. Budgeted unit sales 50,000 70,000 105,000 70,000 85,000 100,000 6. %24 7 per unit - Seling price per unit - Accounts receivable, beginning balance 8. %24 65,000 9. Sales collected in the quarter sales are made 75% Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory is 12 Finished goods inventory, beginning Raw materials required to produce one unit 10 25% 30% of the budgeted unit sales of the next quarter 12,000 units 13 5 pounds 14 - Desired ending inventory of raw materials is 15 Raw materials inventory, beginning 10% of the nexd quarter's production needs 23,000 pounds 16 Rew material costs %24 0.80 per pound 17 Raw materials purchases are paid 60% in the quarter the purchases are made 18 and 40% in the quarter following purchase 19 Accounts payable for rawN materials, beginning balance 81,500 polnts a. What are the total expected cash collections for the year under this revised budget? ellook Expected cash collecticen for the yeir Print References b. What is the total required production for the year under this revised budget? Toral required production for the ymar eook c What is the total cost of raw materials to be purchased for the year under this revised budget? Print Tolal cot ol raw materials to be purchased for the year References d. What are the total expected cash disbursements for raw materials for the year under this revised budget? Total expected cash disbursemenis for raw maleries for the [year The Chapter 8 Form worksheet is to be used to create your own worksheet VersioH lequirement 2: he company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling rice from $8 to $7. The marketing manager would like to use the following projections in the budget: Year 3 Quarter Year 2 Quarter 2. 70,000 105,000 1. Data Budgeted unit sales Selling price per unit 70,000 85,000 100,000 50,000 $7 1. Chapter 8: Applying Excel 2. Year 3 Quarter 3. Data 4. 21 3. 4. 2. 50,000 70,000 105,000 70,000 85,000 100,000 5. Budgeted unit sales 6. 7 per unit Selling pric Accounts receivable, beginning balance 7. per unit %24 65,000 Sales collected in the quarter sales are made 75% Required information 2 3. Budgeted unit sales 50,000 70,000 105.000 70,000 85,000 100,000 6. 7. - Selling price per unit 7 per unit Accounts receivable, beginning balance 66,000 Sales collected in the quarter sales are made 75% 10 Sales collected in the quarter afer sales are made 25% Desired ending finished goods inventory is 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 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 1 12 10% of the nexd quarter's production needs 23,000 pounds 0.80 per pound 60% in the quarter the purchases are made 16 Raw material costs 17 Raw materials purchases are paid 40% in the quarter following purchase 81,500 18 and 19 Accounts payable for raw materials, beginning balance 3. 4. 2. 4. Budgeted unit sales 50,000 70,000 105,000 70,000 85,000 100,000 6. %24 7 per unit - Seling price per unit - Accounts receivable, beginning balance 8. %24 65,000 9. Sales collected in the quarter sales are made 75% Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory is 12 Finished goods inventory, beginning Raw materials required to produce one unit 10 25% 30% of the budgeted unit sales of the next quarter 12,000 units 13 5 pounds 14 - Desired ending inventory of raw materials is 15 Raw materials inventory, beginning 10% of the nexd quarter's production needs 23,000 pounds 16 Rew material costs %24 0.80 per pound 17 Raw materials purchases are paid 60% in the quarter the purchases are made 18 and 40% in the quarter following purchase 19 Accounts payable for rawN materials, beginning balance 81,500 polnts a. What are the total expected cash collections for the year under this revised budget? ellook Expected cash collecticen for the yeir Print References b. What is the total required production for the year under this revised budget? Toral required production for the ymar eook c What is the total cost of raw materials to be purchased for the year under this revised budget? Print Tolal cot ol raw materials to be purchased for the year References d. What are the total expected cash disbursements for raw materials for the year under this revised budget? Total expected cash disbursemenis for raw maleries for the [year

Answer rating: 100% (QA)

Answer Solution Solution a Schedule of expected cash collection Particulars Quarter 1 Quarter 2 Quar... View the full answer