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1 Part 12 Chapter 8: Applying Excel: Excel Worksheet (Part 1 of 2) (Algo) Download the Applying Excel form and enter formulas in all cells that contain question marks, For example, in cel 826 enter the formula 85 Check your worksheet by changing the budgeted unit sales in Quarter 2 of Year 2 in cell C5 to 75,000 units. The required production for the year should be 274.000 units. The cost of raw materials to be purchased for the year should be $1106,800, whereas the total cash disbursements for the year should be 51,095,980. If you do not get this answer, find the errors in your worksheet and correct them. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse. Next, click "Save." You will use this worksheet to answer the questions in Part 2 10 Sod upload a response file (980 m) download reference file Chapter_B_Applying Excel Student Form x B D E E F G 1 40,000 Year 2 Quarter 2 3 60,000 100,000 4 50,000 Year 3 Quarter 1 2 70,000 80,000 2 3 Data 4 5 Budgeted unit sales 6 7. Selling price per unit 8. . Accounts receivable, beginning balance 9 Sales collected in the quarter sales are made 10. Sales collected in the quarter after sales are made 11. Desired 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 16. Raw material costs 17 Raw materials purchases are paid 18 and 19 . Accounts payable for raw materials, beginning balance 20 21 Entor a formula into each of the cells marked with a ? below 22 Review Problem: Budget Schedules 23 $8 per unit $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 A Paste BI U A IN ml $ - % Conditional Format Cell Formatting as Table Styles B 0 D E F G H 1 4 ? ? ? Year 2 Quarter 2 3 ? ? ? ? ? ? 2 2 2 Year 3 Quarter 1 2 ? ? ? 2 ? ? Year 2 Quarter 2 1 7 4 Year 2 ? ? ? ? 2 2 ? ? 2 2 2 7 ? ? ? ? 2 Z Review Problem: Budget Schedules 3 4 Construct the sales budget 5 26 Budgeted unit sales 27 Selling price per unit 28 Total sales 29 30 Construct the schedule of expected cash collections 31 32 Accounts receivable beginning balance 33 First quarter sales 34 Second quarter sales 35 Third quarter sales 36 Fourth quarter sales 37 Total cash collections 38 39 Construct the production budget 40 41 Budgeted unit sales 42 Add desired finished goods inventory 43 Total needs 44 Loss beginning inventory 45 Required production 40 47 Construct the raw materials purchases budget 48 49 Required production (units) 50 Row material required to produce one unit S1 Production needs (pounds) 52 Add desired ending inventory of raw materials (pounds) 53 Total needs (pounds) 54 Less beginning inventory of raw materials (pounds 55 Raw materials to be purchased SA Chatmaterials around Chapter Form + Read 1 F 4 Year 2 ? ? ? 2 2 Year 2 Quarter 2 3 2 ? 2 2 2 7 ? 2 2 ? ? 2 2 ? 2 ? ? 2 ? ? Year 3 Quarter 1 2 ? ? ? ? 2 F 4 Your ? ? 7 ? 2 2 2 Year 2 Quarter 2 3 2 7 2 2 ? 2 2 2 F 2 ? ? 2 2 2 2 ? ? 2 2 ? ? 2 2 Year 3 Quarter 1 7 7 2 2 2 2 ? ? 2 > 2 B c D E F G G 2 ? ? ? ? ? ? 2 ? ? ? ? 1 4 Year Year 3 Quarter 1 ? ? ? 44 Less beginning inventory 45 Required production 46 47 Construct the raw materials purchases budget 48 49 Required production (units) 50 Raw materials required to produce one unit 51 Production needs (pounds) 52 Add desired ending inventory of raw materials (pounds) 53 Total needs (pounds) 54 Less beginning inventory of raw materials (pounds) 55 Raw materials to be purchased 56 Cost of raw materials per pound 57 Cost of raw materials to be purchased 58 59 Construct the schedule of expected cash payments 60 61 Accounts payable, beginning balance 62 First quarter purchases 63 Second quarter purchases 64 Third-quarter purchases 65 Fourth quarter purchases 56 Total cash disbursements 67 ? ? 7 2 ? ? ? ? ? Year 2 Quarter 2 3 2 ? 2 ? ? - ? ? ? ? 2 2 2 ? ? 2 ? ? 2 ? ? 2 2 2 ? ? ? ? 2 ? ? ? ? ? ? 2 ? Year 2 Quarter 2 3 1 4 Year 2 2 ? 2 ? ? ? 2 ? 2 ? 2 ? ? 2 ? ? 2 Chapter 8: Applying Excel: Exercise (Part 2 of 2) (Algo) 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: Year 3 Quarter Data Budgeted unit sates Selling price per unit Year 2 Quarter 65,000 115,000 45,000 $7 70,000 85,000 100,000 B D E F G Your 3 Quarter 2 1 45.000 2 65.000 115.000 70.000 15.000 100,000 1 Cipter 8: Applying Excel 2 3 Data 4 5 Budgeted units 5 7 Soling priceperunt 8 Accounts receivable beginning balance Sales coteched in the quarters are made 10 Sales colected in the quarter are made 11 Desired ending finished goods inventory 12 Finished goods for beginning 5 $ perunt 65.000 75% 25% 30% of the budgeted units of the neat quarter 12.000 units

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