Kingbird Towel Company completely stocked out of its cotton yarn for making towels in April (last month). So management is starting over, trying to build up an inventory of yarn while ensuring there is enough yarn on hand for the production group to catch up with orders. Phyllis is responsible for putting all operating budgets together to estimate operating income for May. Here is the information she has. Budgeted Fixed MOH costs $6,300 total (including $500 of depreciation) Budgeted variable SG\&A costs $0.40 per unit sold Budgeted fixed SG\&A costs $6,300 total (including $750 of depreciation) Your answer is correct. Prepare the sales budget for Kingbird Towel for the month of May. Prepare the production budget for Kingbird Towel for the month of May