Pillows Inc. makes decorative throw pillows for home use. The company sells the pillows to home decor retailers for $15 per pillow. Each pillow requires 1.10 yards of fabric, which the company obtains at a cost of $6 per yard. The company would like to maintain an ending stock of fabric equal to 20% of the next month's production requirements. The company would also like to maintain an ending stock of finished pillows equal to 25% 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.) Pillows Inc. 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 Enter any number in the edit fields and then continue to the next question. Pillows Inc, makes decorative throw pillows for home use. The company sells the pillows to home decor retailers for $15 per pillow. Each pillow requires 1.10 yards of fabric, which the company obtains at a cost of $6 per yard. The company would like to maintain an ending stock of fabric equal to 20% of the next month's production requirements. The company would also like to maintain an ending stock of finished pillows equal to 25% 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 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 160,000 units in April. (Round your answers to the nearest whole number.) Enter any number in the edit fields and then continue to the next question. Pillows Inc, makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $15 per pillow. Each pillow requires 1.10 yards of fabric, which the company obtains at a cost of $6 per yard. The company would like to maintain an ending stock of fabric equal to 20% of the next month's production requirements. The company would also like to maintain an ending stock of finished pillows equal to 25% of the next month's sales. Sales (in units) are projected to be as follows for the first three months of the yoar. (Click the icon to view the projected sales (in units) for the first three months of the year.) Read the requirements: Requirement 2. Prepare the production budget. Assume that the company anticipates selling 160,000 units in April (Round your answers to the nearest whole number.) Pillows Inc. Production Budget For the Quarter Ended March 31 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 230,000 yards of fabric for production in April. Enter any number in the edit fields and then continue to the next question. Pillows Inc. makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $15 per pillow. Each pillow requires 1.10 yards of fabric, which the company obtains at a cost of $6 per yard. The company would like to maintain an ending stock of fabric equal to 20% of the next month's production requirements. The company would also like to maintain an ending stock of finished pillows equal to 25% 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 February March 1st Quarter Direct Materials Budget For the Quarter Ended March 31 January 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 Beginning inventory of direct materials Quantity to purchase Multiply by: Cost per pound Total cost of direct material purchases Less: Enter any number in the edit fields and then continue to the next question. fabric, which the company obtains at a cost of $b pul yalu. ext month's production requirements. The company would also like to maintain an ending stock of finished pillows ec h's sales. Sales (in units) are projected to be as follows for the first three months of the year. view the projected sales (in units) for the first three months of the year.) ats. More Info d 110,000 120,000 mtity of d January.. February March 155,000 - produd red endi Hed Print Done nning iny ase t per pound et material purchases er in the edit fields and then continue to the next question. ds of fabnc, Which umpally uulan he next month's production requirements. The company would also like to maintain an ending stock of finished month's sales. Sales (in units) are projected to be as follows for the first three months of the year: to view the proiected sales in units for the first three months of the bar ments. Requirements aced antity of d Prepare the following budgets for the first three months of the year, as well as a summary budget for the quarter: 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. 2. Prepare the production budget. Assume that the company anticipates selling 160,000 units in April. 3. Prepare the direct materials purchases budget. Assume the company needs 230,000 yards of fabric for production in April. for produd esired endi eded ginning iny hase Print Done ost per pour ect material purchases er in the edit fields and then continue to the next