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Chapte_8_Applying_Excel_Student_Form (7)-1 \table[[Chapter 8: Apply ing Excel,,,,],[,,4?,sin,],[Data,Year 2 Quarter],[,1,2,3,4],[Budgeted unit sales,40,000,60,000,100,000,50,000],[,,,,],[- Selling price...

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Accounting

Chapte_8_Applying_Excel_Student_Form (7)-1
\table[[Chapter 8: Apply ing Excel,,,,],[,,4?,sin,],[Data,Year 2 Quarter],[,1,2,3,4],[Budgeted unit sales,40,000,60,000,100,000,50,000],[,,,,],[- Selling price per unit,$8,per unit,,],[- Accounts receivable, beginning balance,$65,000,,,],[- Sales collected in the quarter sales are made,75%,,,],[- Sales collected in the quarter after sales are made,25%,,,],[- Desired ending finished goods inventory is,30%,of the budgeted unit sales of the next qu],[- Finished goods inventory, beginning,12,000,units,,],[- Raw mater ials required to produce one unit,5,pounds,,],[- Des ired ending inventory of raw mater isk is,10%,of the next quarter's production needs],[- Raw mater isls inventory, beginning,23,000,pounds,,],[- Raw material costs,$0.80,per pound,(I.,],[- Raw mater ials purchas es are paid,60%,in the quarter the purchas es are made],[and,40%,in the quarter follow ing purchase],[- Accounts payable for raw materials, beginning balance,$81,500,,,],[,,,,],[Enter a form ula into each of the cells m arked with a ? below],[Review Problem: Budget Schedules],[,,,,],[Construct the sales budget,Year 2 Quarter],[1,2,3,4],[Budgeted unit sales,40,000,60,000,100,000,50,000],[Selling price per unit,$9,$8,$8,$8
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