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Pillows International makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $10 per pillow. Each pillow

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Pillows International makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $10 per pillow. Each pillow requires 1.10 m of fabric, which the company obtains at a cost of $4 per metre. 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: 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 International Sales Budget For the Quarter Ended March 31 January February March 1st Quarter Projected Sales Unit sales 190000 10 210000 10 215000 615000 10 10 Unit selling price 1900000 2100000 2150000 6150000 Total sales revenue January February Cash sales 190000 210000 215000 615000 1710000 1890000 1935000 5535000 Credit sales 1900000 2100000 Total sales 2150000 March Print Done 190,000 200,000 215,000

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