Cozy Pillows makes decorative throw pillows for home use. The company sells the pillows to home decor retailers for $18 per pillow. Each pillow requires 1.10 yards of fabric, which the company obtains at a cost of $10 per yard. The company would like to maintain an ending stock of fabric equal to 10% of the next month's production requirements. The company would also like to maintain an ending stock of finished pillows equal to 15% of the next month's sales. Sales (in units) are projected to be as follows for the first three months of the year. (Click the icon to view the projected sales (in units) for the first three months of the year.) Read the requirements Requirement 1. Prepare the sales budget, including a separate section that details the type of sales made. For this section, assume that 10% of the company's pillows are cash sales, and the remaining 90% are sold on credit terms. (Round your answers to the nearest whole number.) Cozy Pillows Sales Budget For the Quarter Ended March 31 January February March 1st Quarter Unit sales Unit selling price Total sales revenue Cash sales Credit sales Total sales Requirement 2. Prepare the production budget. Assume that the company anticipates selling 220,000 units in April. (Round your answers to the nearest whole number.) Cozy Pillows Production Budget For the Quarter Ended March 31 January February March 1st Quarter Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Enter any number in the edit fields and then continue to the next question. January February March 1st Quarter Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce Requirement 3. Prepare the direct materials purchases budget. Assume the company needs 240,000 yards of fabric for production in April. Start by preparing the direct materials budget through the total quantity needed, then complete the budget. (Round your answers to the nearest whole number.) Cozy Pillows Direct Materials Budget For the Quarter Ended March 31 January February March 1st Quarter Units to be produced Multiply by: Quantity of direct materials needed per unit Quantity needed for production Plus: Desired ending inventory of direct materials Total quantity needed Less Beginning inventory of direct materials Quantity to purchase Multiply by: Cost per pound Total cost of direct material purchases Enter any number in the edit fields and then continue to the next question. Cozy Pillows makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $18 per pillow. Each pillow requires 1.10 yards of fabric, which the company obtains at a cost of $10 per yard. The company would like to maintain an ending stock of fabric equal to 10% of the next month's production requirements. The company would also like to maintain an ending stock of finished pillows equal to 15% of the next month's sales. Sales (in units) are projected to be as follows for the first three months of the year. Click the icon to view the projected sales (in units) for the first three months of the year.) Read the requirements TU LIE VUUTICI LIUCU TULIJ January February March 1st Quarter Unit sales - X More Info Plus: Desired ending inventory Total needed Less: Beginning inventory 100,000 Units to produce January February March 190,000 195,000 Requirement 3. Prepare the direct materials purchases budget. Assume the company needs 240,000 yards of fabric for production in April. Start by preparing the direct materials budget through the total quantity needed, then complete the budget. (Round your answers to the nearest whole number.) Print Done Cozy Pillows Direct Materials Budget For the Quarter Ended March 31 January February March 1st Quarter Units to be produced Multiply by: Quantity of direct materials needed per unit Quantity needed for production Plus: Desired ending inventory of direct materials Total quantity needed Less: Beginning inventory of direct materials Quantity to purchase Multiply by: Cost per pound Total cost of direct material purchases Enter any number in the edit fields and then continue to the next